Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 90,498 $ 53,039
Restricted cash, current 661 0
Accounts receivable, net of allowances of $34 at December 31, 2019 and 2018 9,029 11,551
Unbilled receivables, current 10,099 1,916
Inventories 371 589
Prepaid expenses and other current assets 2,520 1,068
Contract assets 1,027 35
Total current assets 114,205 68,198
Restricted cash 1,062 1,446
Equity securities 0 588
Right-of-use assets - Operating leases, net 23,837 0
Right-of-use assets - Finance leases, net 268 0
Property and equipment, net 6,282 4,759
Goodwill 3,241 3,241
Other non-current assets 178 1,051
Total assets 149,073 79,283
Current liabilities:    
Accounts payable 2,621 3,050
Accrued compensation 5,003 5,272
Other accrued liabilities 6,540 4,855
Current portion of lease obligations - Operating leases 1,107  
Current portion of lease obligations - Finance leases 60  
Deferred revenue 57 4,936
Total current liabilities 15,388 18,113
Deferred revenue, net of current portion 1,987 3,352
Long-term lease obligations, Operating leases 24,951  
Long-term lease obligations, Finance leases 0  
Long-term lease obligations, Finance leases   61
Lease incentive obligation, net of current portion 0 35
Other long-term liabilities 1,230 1,416
Total liabilities 43,556 22,977
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value per share; 100,000 shares authorized; 58,877 and 54,065 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 6 5
Additional paid-in capital 447,920 386,775
Accumulated deficit (342,409) (330,474)
Total stockholders’ equity 105,517 56,306
Total liabilities and stockholders’ equity $ 149,073 $ 79,283