Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 30,414 $ 206,152
Marketable securities 130,343 120,341
Investment in equity securities 37,181 41,644
Accounts receivable 12,454 5,559
Prepaid expenses and other current assets 8,123 4,486
Total current assets 218,515 378,182
Property and equipment, net 22,550 12,935
Operating lease right-of-use assets 29,041  
Marketable securities, non-current 68,775 0
Other non-current assets 1,655 2,122
Restricted cash 872 872
Total assets 341,408 394,111
Current liabilities:    
Accounts payable 11,327 5,544
Accrued compensation 11,417 8,823
Deferred revenue—current 5,496 14,603
Operating lease liability - current 1,037  
Debt—current 9,375  
Other current liabilities 3,084 627
Total current liabilities 41,736 29,597
Deferred revenue, non-current   6,100
Operating lease liability - non-current 31,224  
Deferred rent   1,340
Debt—non-current 15,738 24,545
Other non-current liabilities 146 481
Total liabilities 88,844 62,063
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.001 par value - 10,000,000 shares authorized as of December 31, 2021 and 2020; 0 shares issued and outstanding as of December 31, 2021 and 2020
Common stock, $0.001 par value - 300,000,000 shares authorized as of December 31, 2021 and 2020; 46,327,131 and 45,752,116 shares issued and outstanding as of December 31, 2021 and 2020, respectively 46 46
Additional paid-in-capital 586,243 559,746
Accumulated other comprehensive (loss) income (314) 129
Accumulated deficit (333,411) (227,873)
Total stockholders’ equity 252,564 332,048
Total Liabilities and Stockholders’ Equity $ 341,408 $ 394,111