Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 206,152,000 $ 4,960,000
Marketable securities 120,341,000 112,904,000
Investment in equity securities 41,644,000  
Accounts receivable (including amounts from related parties of $0 and $1,050 as of December 31, 2020 and 2019, respectively) 5,559,000 6,298,000
Prepaid expenses and other current assets 4,486,000 4,406,000
Total current assets 378,182,000 128,568,000
Property and equipment, net 12,935,000 9,633,000
Marketable securities, non-current 0 15,609,000
Other non-current assets 2,122,000 2,545,000
Restricted cash 872,000 15,000
Total assets 394,111,000 156,370,000
Current liabilities:    
Accounts payable 5,544,000 5,584,000
Accrued compensation 8,823,000 6,017,000
Deferred revenue—current 14,603,000 19,465,000
Debt—current   1,000,000
Other current liabilities 627,000 901,000
Total current liabilities 29,597,000 32,967,000
Deferred revenue, non-current 6,100,000 16,195,000
Deferred rent 1,340,000 409,000
Debt—non-current 24,545,000 8,876,000
Other noncurrent liabilities 481,000 134,000
Total liabilities 62,063,000 58,581,000
Stockholders’ equity:    
Preferred stock, $0.001 par value — 10,000,000 shares authorized as of December 31, 2020 and 2019; 0 shares issued and outstanding as of December 31, 2020 and 2019
Common stock, $0.001 par value — 300,000,000 shares authorized as of December 31, 2020 and 2019; 45,752,116 and 23,098,969 shares issued and outstanding as of December 31, 2020 and 2019, respectively 46,000 23,000
Additional paid-in-capital 559,746,000 293,346,000
Accumulated other comprehensive income 129,000 165,000
Accumulated deficit (227,873,000) (195,745,000)
Total stockholders’ equity 332,048,000 97,789,000
Total Liabilities and Stockholders’ Equity $ 394,111,000 $ 156,370,000