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BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 155,747 $ 126,898
Marketable securities 42,495  
Receivable from stockholders   12,000
Accounts receivable 5,128  
Prepaid and other current assets 4,577 456
Total current assets 207,947 139,354
Marketable securities, non-current 24,915  
Property and equipment, net 905 473
Other assets 73  
Total assets 233,840 139,827
Current liabilities:    
Accounts payable 5,660 1,142
Accrued expenses 7,487 2,769
Related party liability 13,100 12,054
Total current liabilities 26,247 15,965
Commitments and contingencies (Note 11)
Redeemable convertible preferred stock 467,253 312,253
Stockholders’ deficit:    
Common stock, $.001 par value; 46,159,941 and 41,254,509 shares authorized as of September 30, 2019 and December 31, 2018; 872,324 and 10 shares issued and outstanding as of September 30, 2019 and December 31, 2018 1  
Additional paid-in capital 5,498 1,879
Accumulated other comprehensive loss (30)  
Accumulated deficit (265,129) (190,270)
Total stockholders’ deficit (259,660) (188,391)
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit 233,840 139,827
Series A-1 Preferred Stock    
Current liabilities:    
Redeemable convertible preferred stock 142,253 142,253
Series A-2 Preferred Stock    
Current assets:    
Receivable from stockholders   12,000
Current liabilities:    
Redeemable convertible preferred stock 170,000 $ 170,000
Series A-3 Preferred Stock    
Current liabilities:    
Redeemable convertible preferred stock 80,000  
Series B Preferred Stock    
Current liabilities:    
Redeemable convertible preferred stock $ 75,000