Balance Sheet

v3.19.3
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 14,512 $ 64,315
Short-term investments 25,964  
Accounts receivable, net 1,296 1,320
Inventories 2,572 2,097
Prepaid expenses and other current assets 1,108 1,501
Total current assets 45,452 69,233
Property and equipment, net 5,418 4,757
Operating lease right-of-use-assets 2,919  
Other non-current assets 213 45
TOTAL ASSETS 54,002 74,035
Current Liabilities    
Accounts payable 1,004 1,125
Accrued expenses 4,386 2,809
Current portion of deferred revenue 1,917 1,723
Current portion of equipment financing 366 293
Current portion of operating lease liabilities 309  
Total current liabilities 7,982 5,950
Deferred revenue 1,161 767
Equipment financing 417 557
Operating lease liabilities 2,701  
Other liabilities   56
Total liabilities 12,261 7,330
Commitments and contingencies (Note 11)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 10,000,000 authorized at September 30, 2019 and December 31, 2018, respectively; none issued
Common stock, $0.0001 par value, 300,000,000 shares authorized; 13,407,995 and 12,689,251 issued and outstanding at September 30, 2019 and December 31, 2018, respectively 1 1
Additional paid-in capital 149,116 126,925
Accumulated deficit (107,414) (60,221)
Accumulated other comprehensive income 38  
Total stockholders’ equity 41,741 66,705
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 54,002 $ 74,035

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