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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 54,857 $ 65,126
Investments 20,237 29,690
Prepaid expenses and other current assets 3,385 3,588
Accounts receivable 2,084 1,785
Total current assets 80,563 100,189
Property and equipment, net 17,836 19,495
Operating lease assets 10,820 11,356
Restricted investments 1,400 1,400
Total assets 110,619 132,440
Current liabilities:    
Accounts payable 5,521 4,859
Accrued expenses and other current liabilities 9,141 10,884
Operating lease liabilities 4,623 4,456
Deferred revenue - related party 19,974 20,960
Deferred revenue 4,855 4,834
Total current liabilities 44,114 45,993
Note payable, net of discount 24,754 24,648
Operating lease liabilities, net of current portion 14,444 15,676
Deferred revenue, net of current portion - related party 84,635 89,111
Deferred revenue, net of current portion 3,641 4,834
Other long-term liabilities 680 502
Total liabilities 172,268 180,764
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2020 and December 31, 2019; no shares issued and outstanding at March 31, 2020 and December 31, 2019.
Common stock, $0.001 par value; 200,000,000 shares authorized at March 31, 2020 and December 31, 2019; 71,671,067 and 70,143,252 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 72 70
Additional paid-in capital 417,819 411,255
Accumulated other comprehensive income (loss) (10)  
Accumulated deficit (479,530) (459,649)
Total stockholders’ deficit (61,649) (48,324)
Total liabilities and stockholders’ deficit $ 110,619 $ 132,440