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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 212,051 $ 143,663
Accounts receivable 715 488
Prepaid expenses 12,292 17,434
Other current assets 307 169
Total current assets 225,365 161,754
Property, equipment, and software—net 21,791 25,154
Intangible assets—net 1,969 2,048
Right-of-use assets—net 3,289 4,180
Investment in equity securities 3,091 3,091
Equity method investment   3,751
Note receivable—net 6,711 6,879
Other assets 9,517 4,641
Total assets 271,733 211,498
Current liabilities:    
Accounts payable 1,061 1,144
Accrued compensation 5,188 6,765
Accrued clinical and research and development expenses 3,285 4,028
Deferred revenue 48,405 21,244
Lease liabilities 1,981 1,822
Other current liabilities 1,228 977
Total current liabilities 61,148 35,980
Deferred revenue 90,510 67,015
Lease liabilities 3,305 4,813
Long term debt—net 22,173 2,478
Contract liabilities 10,000 10,000
Other noncurrent liabilities 217 44
Total liabilities 187,353 120,330
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $0.0001 par value- 10,000,000 shares authorized as of September 30, 2022 and December 31, 2021; no shares issued and outstanding as of September 30, 2022 and December 31, 2021
Common stock; $0.000005 par value- 200,000,000 shares authorized as of September 30, 2022 and December 31,2021; 111,745,219 shares issued and 110,934,747shares outstanding as of September 30, 2022; 61,712,577 shares issued and 60,902,105 shares outstanding as of December 31, 2021 1
Additional paid-in capital 485,155 408,795
Accumulated deficit (399,824) (316,675)
Treasury stock (952) (952)
Total stockholders’ equity 84,380 91,168
Total liabilities and stockholders’ equity $ 271,733 $ 211,498