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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 115,153 $ 7,676
Restricted cash 2,613 2,222
Accounts receivable 3,392 3,767
Current contract assets 27,814 29,782
Prepaid expenses 2,975 479
Other current assets 5,168 205
Deferred transaction costs 0 1,081
Total current assets 157,115 45,212
Property and equipment, net 1,315 299
Operating lease right-of-use assets, net 5,853 0
Non-current contract assets 45,174 33,169
Deferred tax asset, net 85,269 0
Other non-current assets 181 506
Total assets 294,907 79,186
Current liabilities    
Accounts payable 2,283 1,337
Accrued expenses 1,409 2,006
Income tax payable 544 0
Current portion of notes payable 4,675 2,484
Other current liabilities 4,220 2,366
Total current liabilities 13,131 8,193
Long-term notes payable, net of unamortized debt issuance costs 154,139 829
Operating lease liabilities, net of current portion 5,265 0
Other long-term liabilities 88,090 0
Total liabilities 260,625 9,022
Commitment and contingencies
Redeemable convertible preferred Series C units, 0 and 14,278,603 units issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 0 304,943
Stockholders’ equity (deficit)    
Preferred stock, $0.01 par value; 10,000,000 shares authorized and 0 shares issued as of September 30, 2020 and December 31, 2019, respectively 0 0
Common stock, $0.01 par value; 550,000,000 shares authorized and 126,919,572 issued and outstanding as of September 30, 2020; 110,000,000 shares authorized and 37,631,052 issued and outstanding as of December 31, 2019 1,269 376
Additional paid-in capital 476,403 7,626
Accumulated deficit (443,390) (242,781)
Total stockholders’ equity (deficit) 34,282 (234,779)
Total liabilities and stockholders’ equity (deficit) $ 294,907 $ 79,186