Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 222,142 $ 173,984
Accounts receivable   7
Contract assets 2,622 2,324
Prepaid expenses and other current assets 1,913 2,242
Total current assets 226,677 178,557
Property and equipment, net 13,927 14,213
Other long-term assets 1,743 1,966
Restricted cash 3,086 3,086
Right-of-use asset – operating lease 14,662 14,831
Right-of-use assets – financing leases 532 597
Total assets 260,627 213,250
Current liabilities:    
Accounts payable 3,660 3,603
Accrued expenses 9,127 11,084
Deferred revenue, current portion 12,786 12,209
Financing lease obligations, current portion 271 265
Operating lease obligation, current portion 1,525 1,463
Total current liabilities 27,369 28,624
Deferred revenue, net of current portion 7,166 9,877
Financing lease obligations, net of current portion 286 356
Operating lease obligation, net of current portion 24,167 24,578
Warrant liability 12,041 19,711
Debt, net of debt discount, long term 39,718 39,551
Commitments and contingencies (See Note 9)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2021 and December 31, 2020; 0 shares issued and outstanding at March 31, 2021 and December 31, 2020
Common stock, $0.001 par value; 200,000,000 shares authorized at March 31, 2021 and December 31, 2020; 61,849,642 and 56,222,746 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 61 56
Additional paid-in capital 541,068 467,518
Accumulated deficit (391,249) (377,021)
Total stockholders' equity 149,880 90,553
Total liabilities and stockholders' equity $ 260,627 $ 213,250