Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 108,674 $ 41,441
Marketable securities   49,975
Accounts receivable 2 20,000
Contract assets 1,609 158
Prepaid expenses and other current assets 2,166 2,649
Restricted cash, current portion   290
Total current assets 112,451 114,513
Property and equipment, net 15,361 15,210
Other long-term assets 1,044 490
Restricted cash, net of current portion 3,086 3,086
Right-of-use asset – operating lease 15,146 15,821
Right-of-use assets – financing leases 728 858
Total assets 147,816 149,978
Current liabilities:    
Accounts payable 2,803 5,853
Accrued expenses 8,721 10,646
Deferred revenue, current portion 10,079 5,739
Financing lease obligations, current portion 253 241
Operating lease obligation, current portion 1,344 1,037
Total current liabilities 23,200 23,516
Deferred revenue, net of current portion 16,743 22,639
Financing lease obligations, net of current portion 492 621
Operating lease obligation, net of current portion 25,335 24,018
Debt, net of debt discount, long term 19,640  
Commitments and contingencies (See Note 9)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at June 30, 2020 and December 31, 2019; 0 shares issued and outstanding at June 30, 2020 and December 31, 2019
Common stock, $0.001 par value; 200,000,000 shares authorized at June 30, 2020 and December 31, 2019; 45,758,881 and 43,367,801 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 45 43
Additional paid-in capital 389,766 372,100
Accumulated other comprehensive gain   24
Accumulated deficit (327,405) (292,983)
Total stockholders' equity 62,406 79,184
Total liabilities and stockholders' equity $ 147,816 $ 149,978