Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 8,424,000 $ 129,258,000
Receivables 7,000,000
Short-term investments 88,447,000
Prepaid expenses and other current assets 689,000 3,132,000
Total current assets 104,560,000 132,390,000
Property and equipment, net 12,095,000 13,157,000
Right-of-use lease assets 7,295,000 8,047,000
Licensed technology, net 1,881,000 36,178,000
Goodwill 32,466,000 32,466,000
Other assets and restricted cash 1,068,000 1,144,000
Total assets 159,365,000 223,382,000
Current liabilities:    
Accounts payable 1,262,000 3,763,000
Accrued expenses 3,585,000 5,543,000
Loan payable 1,758,000
Current portion of lease liability 1,709,000 1,699,000
Payable to licensor 30,127,000 27,400,000
Deferred revenue 296,000 296,000
Total current liabilities 38,737,000 38,701,000
Long-term lease liabilities 5,517,000 6,251,000
Total liabilities 44,254,000 44,952,000
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.01 par value; authorized 200,000,000 shares; issued and outstanding 84,516,161 at September 30, 2020 and 83,622,135 at December 31, 2019 845,000 836,000
Additional paid-in capital 669,125,000 664,064,000
Accumulated deficit (554,876,000) (486,470,000)
Accumulated other comprehensive income 17,000
Total stockholders’ equity 115,111,000 178,430,000
Total liabilities and stockholders’ equity $ 159,365,000 $ 223,382,000