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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 352,446 $ 94,578
Prepaid and other assets 1,371 1,098
Total current assets 353,817 95,676
Property and equipment, net 771 631
Restricted cash 124 0
Other assets 643 600
Total assets 355,355 96,907
Current liabilities:    
Accounts payable and accrued liabilities 5,441 2,308
Accrued compensation 1,319 1,314
Deferred revenue, current portion 4,860 3,840
Long-term debt, current portion 0 2,774
Total current liabilities 11,620 10,236
Lease liabilities, net of current portion 679 393
Deferred revenue, net of current portion 12,760 15,100
Long-term debt, net of current portion 0 1,770
Other long-term liabilities 0 45
Total liabilities 25,059 27,544
Commitments and contingencies (Note 7) 0 0
Convertible preferred stock, $0.0001 par value; authorized shares - none and 38,055 at June 30, 2020 and December 31, 2019, respectively; issued and outstanding – none and 37,267 at June 30, 2020 and December 31, 2019, respectively 0 134,720
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value, authorized shares – 40,000 and none at June 30, 2020 and December 31, 2019, respectively; issued and outstanding shares – none 0 0
Common stock, $0.0001 par value; authorized shares – 400,000 and 52,042 at June 30, 2020 and December 31, 2019, respectively; issued and outstanding shares – 37,527 and 2,989 at June 30, 2020 and December 31, 2019, respectively 4 0
Additional paid-in capital 369,118 (43,172)
Accumulated deficit (38,826) (22,185)
Total stockholders’ equity (deficit) 330,296 (65,357)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 355,355 $ 96,907