Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 43,781,000 $ 12,596,000
Short-term investments 23,217,000 82,438,000
Prepaid expenses and other current assets 907,000 2,708,000
Total current assets 67,905,000 97,742,000
Property and equipment, net 9,869,000 11,322,000
Right-of-use lease assets 6,207,000 7,032,000
Licensed technology, net 1,413,000 1,500,000
Goodwill 32,466,000 32,466,000
Other assets and restricted cash 1,159,000 1,136,000
Total assets 119,019,000 151,198,000
Current liabilities:    
Accounts payable 1,861,000 4,695,000
Accrued expenses 2,593,000 3,410,000
Current portion of lease liability 1,723,000 1,713,000
Current portion of PPP loan payable 330,000
Current portion of payable to licensor 20,000,000 31,515,000
Contract liability 296,000 296,000
Total current liabilities 26,473,000 41,959,000
PPP loan payable 1,428,000
Payable to licensor 8,360,000
Long-term lease liabilities 4,442,000 5,260,000
Total liabilities 39,275,000 48,647,000
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.01 par value; authorized 200,000,000 shares;  issued and outstanding 101,867,539 at September 30, 2021; issued and outstanding 96,131,678 at December 31, 2020; 1,019,000 961,000
Additional paid-in capital 687,691,000 672,304,000
Accumulated deficit (608,957,000) (570,704,000)
Accumulated other comprehensive loss (9,000) (10,000)
Total stockholders’ equity 79,744,000 102,551,000
Total liabilities and stockholders’ equity $ 119,019,000 $ 151,198,000