Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

v3.21.2
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 30,707 $ 206,152
Marketable securities 159,231 120,341
Investment in equity securities 39,763 41,644
Accounts receivable 12,330 5,559
Prepaid expenses and other current assets 8,698 4,486
Total current assets 250,729 378,182
Property and equipment, net 23,319 12,935
Operating lease right-of-use assets 30,129  
Marketable securities, non-current 64,279 0
Other non-current assets 2,144 2,122
Restricted cash 872 872
Total assets 371,472 394,111
Current liabilities:    
Accounts payable 11,173 5,544
Accrued compensation 8,487 8,823
Deferred revenue—current 7,804 14,603
Operating lease liability - current 1,445  
Debt—current 6,250  
Other current liabilities 296 627
Total current liabilities 35,455 29,597
Deferred revenue, non-current 145 6,100
Operating lease liability - non-current 32,073  
Deferred rent   1,340
Debt—non-current 18,714 24,545
Other noncurrent liabilities 1,505 481
Total liabilities 87,892 62,063
Stockholders’ equity:    
Preferred stock, $0.001 par value — 10,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 0 shares issued and outstanding as of September 30, 2021 and December 31, 2020
Common stock, $0.001 par value — 300,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 46,261,060 and 45,752,116 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 46 46
Additional paid-in-capital 578,850 559,746
Accumulated other comprehensive (loss) income (30) 129
Accumulated deficit (295,286) (227,873)
Total stockholders’ equity 283,580 332,048
Total Liabilities and Stockholders’ Equity $ 371,472 $ 394,111