Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 25,924,000 $ 18,750,000
Short-term investments 42,387,000 66,218,000
Receivables 38,000 81,000
Prepaid expenses and other current assets 3,372,000 3,802,000
Total current assets 71,721,000 88,851,000
Property and equipment, net 10,356,000 9,443,000
Right-of-use lease assets 8,749,000 0
Licensed technology, net 41,697,000 43,042,000
Goodwill 32,466,000 32,466,000
Other assets and restricted cash 1,147,000 597,000
Total assets 166,136,000 174,399,000
Current liabilities:    
Accounts payable 4,189,000 6,122,000
Accrued expenses 5,241,000 3,936,000
Current portion of lease liability 1,690,000 0
Current portion of payable to licensor 10,000,000 10,000,000
Deferred revenue 296,000 296,000
Total current liabilities 21,416,000 20,354,000
Long-term lease liabilities 6,927,000 0
Payable to licensor, net of current portion 20,000,000 20,000,000
Total liabilities 48,343,000 40,354,000
Commitments and contingencies
Stockholders' equity:    
Common stock - $0.01 par value; authorized 200,000,000 shares; issued and outstanding 47,949,694 at March 31, 2019; issued and outstanding 47,944,486 at December 31, 2018 479,000 479,000
Additional paid-in capital 546,057,000 543,754,000
Accumulated deficit (428,743,000) (410,188,000)
Total stockholders' equity 117,793,000 134,045,000
Total liabilities and stockholders' equity $ 166,136,000 $ 174,399,000