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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 25,059 $ 37,473
Short-term marketable securities 84,179 84,508
Strategic investment 4,120 5,507
Prepaid expenses and other current assets 1,875 1,999
Total current assets 115,233 129,487
Property and equipment, net 15,067 16,636
Operating lease right of use asset 25,443  
Long-term marketable securities   3,025
Restricted cash 1,446 1,446
Other long-term assets 598 627
Total assets 157,787 151,221
Current liabilities:    
Accounts payable 4,015 5,185
Accrued compensation 2,222 5,905
Accrued and other current liabilities 7,422 4,995
Contingent consideration liability 910 1,131
Total current liabilities 14,569 17,216
Operating lease liability, net of current portion 37,889  
Deferred rent, net of current portion   13,298
Total liabilities 52,458 30,514
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Convertible preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 48,857,504 and 47,227,065 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 5 5
Additional paid-in capital 379,072 366,695
Related party promissory notes for purchase of common stock (210) (210)
Employee promissory notes for purchase of common stock (418) (418)
Accumulated other comprehensive income 373 90
Accumulated deficit (273,493) (245,455)
Total stockholders’ equity 105,329 120,707
Total liabilities and stockholders’ equity $ 157,787 $ 151,221