Balance Sheet

v3.19.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 55,129 $ 64,315
Accounts receivable, net 1,292 1,320
Inventories 2,217 2,097
Prepaid expenses and other current assets 1,815 1,501
Total current assets 60,453 69,233
Property and equipment, net 5,530 4,757
Operating lease right-of-use-assets 3,084  
Other non-current assets 213 45
TOTAL ASSETS 69,280 74,035
Current Liabilities    
Accounts payable 1,411 1,125
Accrued expenses 1,061 2,809
Current portion of deferred revenue 1,954 1,723
Current portion of equipment financing 367 293
Current portion of operating lease liabilities 292  
Total current liabilities 5,085 5,950
Deferred revenue 943 767
Equipment financing 594 557
Operating lease liabilities 2,861  
Other liabilities   56
Total liabilities 9,483 7,330
Commitments and contingencies (Note 10)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 10,000,000 authorized at March 31, 2019 and December 31, 2018, respectively; none issued
Common stock, $0.0001 par value, 300,000,000 shares authorized; 12,836,970 and 12,689,251 issued and outstanding at March 31, 2019 and December 31, 2018, respectively 1 1
Additional paid-in capital 134,670 126,925
Accumulated deficit (74,874) (60,221)
Total stockholders’ equity 59,797 66,705
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 69,280 $ 74,035

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