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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 29,906 $ 71,157
Restricted cash 316 527
Short-term investments 19,978  
Accounts receivable, net 3,513 4,017
Inventory 4,155 3,597
Prepaid expenses and other current assets 2,889 2,556
Total current assets 60,757 81,854
Property and equipment, net 26,778 25,602
Other assets 6,190 249
Total assets 93,725 107,705
Current liabilities:    
Accounts payable 4,789 5,379
Accrued expenses and other current liabilities 15,904 15,022
Facility financing obligation   11,298
Short-term note payable 5,028  
Deferred revenue — current 32,503 36,885
Recognized loss on purchase commitments — current 7,394 6,657
Total current liabilities 65,618 75,241
Promissory notes 70,020 72,089
Accrued interest — promissory notes 2,002 6,835
Long-term Midcap credit facility 38,851  
Senior convertible notes 5,000 19,099
Recognized loss on purchase commitments — long term 84,639 91,642
Operating lease liability 2,514  
Deferred revenue — long term 8,344 10,680
Milestone rights liability 7,263 7,201
Total liabilities 284,251 282,787
Commitments and contingencies (Note 13)
Stockholders' deficit:    
Undesignated preferred stock, $0.01 par value — 10,000,000 shares authorized; no shares issued or outstanding at December 31, 2019 and 2018
Common stock, $0.01 par value — 280,000,000 shares authorized, 211,787,573 and 187,029,967 shares issued and outstanding at December 31, 2019 and 2018, respectively 2,118 1,870
Additional paid-in capital 2,799,278 2,763,067
Accumulated other comprehensive loss (19) (19)
Accumulated deficit (2,991,903) (2,940,000)
Total stockholders' deficit (190,526) (175,082)
Total liabilities and stockholders' deficit $ 93,725 $ 107,705