Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,960,000 $ 125,298,000
Marketable securities 112,904,000 79,194,000
Accounts receivable (including amounts from related parties of $1,050 and $959 as of December 31, 2019 and 2018, respectively) 6,298,000 2,489,000
Prepaid expenses and other current assets 4,406,000 2,965,000
Total current assets 128,568,000 209,946,000
Property and equipment, net 9,633,000 10,934,000
Marketable securities, non-current 15,609,000 0
Other non-current assets 2,545,000 2,244,000
Restricted cash 15,000 15,000
Total assets 156,370,000 223,139,000
Current liabilities:    
Accounts payable 5,584,000 3,061,000
Accrued compensation 6,017,000 6,217,000
Deferred revenue—current 19,465,000 21,574,000
Debt—current 1,000,000 4,724,000
Other current liabilities 901,000 847,000
Total current liabilities 32,967,000 36,423,000
Deferred revenue, non-current 16,195,000 44,599,000
Deferred rent 409,000 476,000
Debt—non-current 8,876,000 10,000,000
Other noncurrent liabilities 134,000 102,000
Total liabilities 58,581,000 91,600,000
Stockholders’ equity:    
Preferred stock, $0.001 par value — 10,000,000 shares authorized as of December 31, 2019 and 2018; 0 shares issued and outstanding as of December 31, 2019 and 2018
Common stock, $0.001 par value — 300,000,000 shares authorized as of December 31, 2019 and 2018; 23,098,969 and 22,848,184 shares issued and outstanding as of December 31, 2019 and 2018, respectively 23,000 23,000
Additional paid-in-capital 293,346,000 281,891,000
Accumulated other comprehensive income (loss) 165,000 (47,000)
Accumulated deficit (195,745,000) (150,328,000)
Total stockholders’ equity 97,789,000 131,539,000
Total Liabilities and Stockholders’ Equity $ 156,370,000 $ 223,139,000