Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 11,787 $ 64,315
Short-term investments 36,601  
Accounts receivable, net 1,454 1,320
Inventories 2,344 2,097
Prepaid expenses and other current assets 1,302 1,501
Total current assets 53,488 69,233
Property and equipment, net 5,767 4,757
Operating lease right-of-use-assets 3,002  
Other non-current assets 217 45
TOTAL ASSETS 62,474 74,035
Current Liabilities    
Accounts payable 1,515 1,125
Accrued expenses 2,074 2,809
Current portion of deferred revenue 2,039 1,723
Current portion of equipment financing 367 293
Current portion of operating lease liabilities 300  
Total current liabilities 6,295 5,950
Deferred revenue 992 767
Equipment financing 510 557
Operating lease liabilities 2,782  
Other liabilities   56
Total liabilities 10,579 7,330
Commitments and contingencies (Note 11)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 10,000,000 authorized at June 30, 2019 and December 31, 2018, respectively; none issued
Common stock, $0.0001 par value, 300,000,000 shares authorized; 13,220,951 and 12,689,251 issued and outstanding at June 30, 2019 and December 31,2018, respectively 1 1
Additional paid-in capital 141,839 126,925
Accumulated deficit (89,996) (60,221)
Accumulated other comprehensive income 51  
Total stockholders’ equity 51,895 66,705
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 62,474 $ 74,035