Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 12,596,000 $ 129,258,000
Short-term investments 82,438,000
Prepaid expenses and other current assets 2,708,000 3,132,000
Total current assets 97,742,000 132,390,000
Property and equipment, net 11,322,000 13,157,000
Right-of-use lease assets 7,032,000 8,047,000
Licensed technology, net 1,500,000 36,178,000
Goodwill 32,466,000 32,466,000
Other assets and restricted cash 1,136,000 1,144,000
Total assets 151,198,000 223,382,000
Current liabilities:    
Accounts payable 4,695,000 3,763,000
Accrued expenses 3,410,000 5,543,000
Current portion of lease liability 1,713,000 1,699,000
Current portion of loan payable 330,000
Payable to licensor 31,515,000 27,400,000
Deferred revenue 296,000 296,000
Total current liabilities 41,959,000 38,701,000
Loan payable 1,428,000
Long-term lease liabilities 5,260,000 6,251,000
Total liabilities 48,647,000 44,952,000
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.01 par value; authorized 200,000,000 shares;  issued and outstanding 96,131,678 at December 31, 2020;   issued and outstanding 83,622,135 at December 31, 2019; 961,000 836,000
Additional paid-in capital 672,304,000 664,064,000
Accumulated deficit (570,704,000) (486,470,000)
Accumulated other comprehensive loss (10,000)
Total stockholders’ equity 102,551,000 178,430,000
Total liabilities and stockholders’ equity $ 151,198,000 $ 223,382,000