Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,385 $ 58,610
Short-term investments 38,620  
Restricted cash 388 388
Accounts receivable 841 1,122
Due from related parties 7  
Inventory 3,198 2,594
Prepaid expenses and other current assets 1,594 808
Total current assets 52,033 63,522
Non-current restricted cash 1,045 1,040
Land, buildings, and equipment 22,902 23,212
Other non-current assets 441 324
Total assets 76,421 88,098
Current liabilities:    
Accounts payable 1,085 1,077
Accrued expenses 2,093 2,544
Accrued compensation 1,363 2,181
Due to related parties 554 977
Current portion of financing lease obligations 361 356
Other current liabilities 94 61
Total current liabilities 5,550 7,196
Financing lease obligations 18,194 18,244
Other non-current liabilities 141 150
Total liabilities 23,885 25,590
Stockholders’ equity:    
Common stock, $0.0001 par value; 275,000,000 shares authorized; 33,090,799 shares issued and 32,990,647 shares outstanding as of March 31, 2020, and 33,033,689 shares issued and 32,951,329 shares outstanding as of December 31, 2019 3 3
Additional paid-in capital 186,859 185,588
Common stock in treasury, at cost; 100,152 shares as of March 31, 2020, and 82,360 shares as of December 31, 2019 (1,043) (1,043)
Accumulated deficit (133,120) (122,057)
Accumulated other comprehensive income (loss) (163) 17
Total stockholders’ equity 52,536 62,508
Total liabilities and stockholders’ equity $ 76,421 $ 88,098