Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 129,258,000 $ 18,750,000
Short-term investments 66,218,000
Receivables 81,000
Prepaid expenses and other current assets 3,132,000 3,802,000
Total current assets 132,390,000 88,851,000
Property and equipment, net 13,157,000 9,443,000
Right-of-use lease assets 8,047,000
Licensed technology, net 36,178,000 43,042,000
Goodwill 32,466,000 32,466,000
Other assets and restricted cash 1,144,000 597,000
Total assets 223,382,000 174,399,000
Current liabilities:    
Accounts payable 3,763,000 6,122,000
Accrued expenses 5,543,000 3,936,000
Current portion of lease liability 1,699,000
Current portion of payable to licensor 27,400,000 10,000,000
Deferred revenue 296,000 296,000
Total current liabilities 38,701,000 20,354,000
Long-term lease liabilities 6,251,000
Payable to licensor, net of current portion 20,000,000
Total liabilities 44,952,000 40,354,000
Commitments and contingencies
Stockholders' equity:    
Common stock - $0.01 par value; authorized 200,000,000 shares; issued and outstanding 83,622,135 at December 31, 2019; issued and outstanding 47,944,486 at December 31, 2018 836,000 479,000
Additional paid-in capital 664,064,000 543,754,000
Accumulated deficit (486,470,000) (410,188,000)
Total stockholders' equity 178,430,000 134,045,000
Total liabilities and stockholders' equity $ 223,382,000 $ 174,399,000