|
Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Jun. 30, 2014
|
Dec. 31, 2013
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 28,940 |
$ 51,612 |
| Short-term investments |
29,736 |
10,384 |
| Accounts receivable |
2,107 |
1,269 |
| Prepaid expenses and other current assets |
1,118 |
1,532 |
| Total current assets |
61,901 |
64,797 |
| Property and equipment, net |
6,475 |
6,079 |
| Long-term investments |
|
15,387 |
| Restricted cash |
2,109 |
2,084 |
| Other assets |
30 |
61 |
| Total |
70,515 |
88,408 |
| Current liabilities: |
|
|
| Current portion of long-term debt |
1,908 |
1,411 |
| Accounts payable |
1,113 |
2,643 |
| Accrued expenses |
3,534 |
2,408 |
| Current portion of deferred revenue |
4,383 |
5,086 |
| Current portion of deferred rent |
403 |
513 |
| Total current liabilities |
11,341 |
12,061 |
| Long-term liabilities: |
|
|
| Long-term debt, less current portion |
2,401 |
3,274 |
| Deferred revenue, less current portion |
1,538 |
2,384 |
| Deferred rent, less current portion |
1,233 |
1,375 |
| Total long-term liabilities |
5,172 |
7,033 |
| Total liabilities |
16,513 |
19,094 |
| Commitments and contingencies |
|
|
| Stockholders' equity: |
|
|
| Preferred stock, $0.0001 par value-10,000,000 shares authorized, no shares issued and outstanding at June 30, 2014 and December 31, 2013 |
0 |
0 |
| Common stock, $0.0001 par value-200,000,000 shares authorized, 16,541,970 shares issued and outstanding at June 30, 2014; 16,438,706 shares issued and 16,410,840 shares outstanding at December 31, 2013 |
2 |
2 |
| Additional paid in capital |
176,147 |
174,468 |
| Accumulated deficit |
(121,509) |
(104,742) |
| Accumulated other comprehensive loss |
(638) |
(414) |
| Total stockholders' equity |
54,002 |
69,314 |
| Total |
$ 70,515 |
$ 88,408 |