Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 47,923,000 $ 18,750,000
Short-term investments 66,218,000
Receivables 15,000 81,000
Prepaid expenses and other current assets 1,654,000 3,802,000
Total current assets 49,592,000 88,851,000
Property and equipment, net 13,814,000 9,443,000
Right-of-use lease assets 8,286,000
Licensed technology, net 37,471,000 43,042,000
Goodwill 32,466,000 32,466,000
Other assets and restricted cash 1,143,000 597,000
Total assets 142,772,000 174,399,000
Current liabilities:    
Accounts payable 2,714,000 6,122,000
Accrued expenses 5,532,000 3,936,000
Current portion of lease liability 1,696,000
Current portion of payable to licensor 10,000,000 10,000,000
Deferred revenue 296,000 296,000
Total current liabilities 20,238,000 20,354,000
Long-term lease liabilities 6,482,000
Payable to licensor, net of current portion 20,000,000 20,000,000
Total liabilities 46,720,000 40,354,000
Commitments and contingencies
Stockholders' equity:    
Common stock - $0.01 par value; authorized 200,000,000 shares; issued and outstanding 51,054,395 at September 30, 2019; issued and outstanding 47,944,486 at December 31, 2018 511,000 479,000
Additional paid-in capital 565,580,000 543,754,000
Accumulated deficit (470,039,000) (410,188,000)
Total stockholders' equity 96,052,000 134,045,000
Total liabilities and stockholders' equity $ 142,772,000 $ 174,399,000