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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 57,226 $ 58,856
Marketable securities 222,500 255,203
Accounts receivable 4,620 7,547
Prepaid expenses and other current assets 5,135 3,371
Total current assets 289,481 324,977
Marketable securities - noncurrent 4,746  
Property and equipment, net 17,996 17,061
Operating lease right-of-use assets 19,137  
Other assets 2,920 5,277
Total Assets 334,280 347,315
Current Liabilities:    
Accounts payable 3,941 2,708
Accrued expenses 13,273 10,742
Current portion of operating lease liability 5,745  
Current portion of deferred revenue 12,674 27,122
Total current liabilities 35,633 40,572
Deferred revenue, net of current portion 16,136 28,810
Long-term operating lease liability 12,630  
Other long-term liabilities   13
Commitments and contingencies (Note 8)
Stockholders’ Equity:    
Common stock, $0.0001 par value; 120,000,000 shares authorized; 50,198,044 and 45,224,480 shares issued and outstanding at December 31, 2019 and 2018, respectively 5 5
Additional paid-in capital 570,493 478,968
Accumulated other comprehensive income (loss) 261 (28)
Accumulated deficit (300,878) (201,025)
Total stockholders’ equity 269,881 277,920
Total Liabilities and Stockholders’ Equity $ 334,280 $ 347,315