Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 42,609,000 $ 18,750,000
Short-term investments 19,903,000 66,218,000
Receivables 40,000 81,000
Prepaid expenses and other current assets 2,343,000 3,802,000
Total current assets 64,895,000 88,851,000
Property and equipment, net 13,616,000 9,443,000
Right-of-use lease assets 8,520,000 0
Licensed technology, net 38,765,000 43,042,000
Goodwill 32,466,000 32,466,000
Other assets and restricted cash 1,148,000 597,000
Total assets 159,410,000 174,399,000
Current liabilities:    
Accounts payable 7,156,000 6,122,000
Accrued expenses 6,397,000 3,936,000
Current portion of lease liability 1,693,000 0
Current portion of payable to licensor 10,000,000 10,000,000
Deferred revenue 296,000 296,000
Total current liabilities 25,542,000 20,354,000
Long-term lease liabilities 6,708,000 0
Payable to licensor, net of current portion 20,000,000 20,000,000
Total liabilities 52,250,000 40,354,000
Commitments and contingencies
Stockholders' equity:    
Common stock - $0.01 par value; authorized 200,000,000 shares; issued and outstanding 49,249,497 at June 30, 2019; issued and outstanding 47,944,486 at December 31, 2018 492,000 479,000
Additional paid-in capital 559,335,000 543,754,000
Accumulated deficit (452,667,000) (410,188,000)
Total stockholders' equity 107,160,000 134,045,000
Total liabilities and stockholders' equity $ 159,410,000 $ 174,399,000