Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 173,984,000 $ 41,441,000
Marketable securities 0 49,975,000
Accounts receivable 7,000 20,000,000
Contract assets 2,324,000 158,000
Prepaid expenses and other current assets 2,242,000 2,649,000
Restricted cash, current portion   290,000
Total current assets 178,557,000 114,513,000
Property and equipment, net 14,213,000 15,210,000
Other long-term assets 1,966,000 490,000
Restricted cash, net of current portion 3,086,000 3,086,000
Right-of-use asset – operating lease 14,831,000 15,821,000
Right-of-use assets – financing leases 597,000 858,000
Total assets 213,250,000 149,978,000
Current liabilities:    
Accounts payable 3,603,000 5,853,000
Accrued expenses 11,084,000 10,646,000
Deferred revenue, current portion 12,209,000 5,739,000
Financing lease obligations, current portion 265,000 241,000
Operating lease obligation, current portion 1,463,000 1,037,000
Total current liabilities 28,624,000 23,516,000
Deferred revenue, net of current portion 9,877,000 22,639,000
Financing lease obligations, net of current portion 356,000 621,000
Operating lease obligation, net of current portion 24,578,000 24,018,000
Warrant liability 19,711,000  
Debt, net of debt discount, long term 39,551,000  
Commitments and contingencies (See Note 10)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2020 and December 31, 2019; 0 shares issued and outstanding at December 31, 2020 and December 31, 2019
Common stock, $0.001 par value; 200,000,000 shares authorized at December 31, 2020 and December 31, 2019; 56,222,746 and 43,367,801 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 56,000 43,000
Additional paid-in capital 467,518,000 372,100,000
Accumulated other comprehensive gain   24,000
Accumulated deficit (377,021,000) (292,983,000)
Total stockholders' equity 90,553,000 79,184,000
Total liabilities and stockholders' equity $ 213,250,000 $ 149,978,000