Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 20,123 $ 10,688
Accounts receivable 407 78
Prepaid expenses and other current assets 531 375
TOTAL CURRENT ASSETS 21,061 11,141
PROPERTY AND EQUIPMENT    
Property and equipment 4,978 4,519
Less: Accumulated depreciation and amortization (3,310) (2,634)
PROPERTY AND EQUIPMENT, NET 1,668 1,885
OTHER NONCURRENT ASSETS    
Restricted cash 105 150
Goodwill 873 831
Operating lease right-of-use assets 2,049 2,496
Other assets 112 68
TOTAL OTHER NONCURRENT ASSETS 5,172 5,121
TOTAL ASSETS 27,901 18,147
CURRENT LIABILITIES    
Accounts payable 945 1,100
Accrued expenses 550 521
Accrued salaries and payroll related expenses 2,529 2,368
Deferred revenue 1,748 1,731
Operating lease liabilities, current 651 612
TOTAL CURRENT LIABILITIES 6,423 6,332
LONG-TERM LIABILITIES    
Operating lease liabilities, net of current portion 1,566 2,059
Contract with Customer, Liability, Noncurrent 630 0
TOTAL LIABILITIES 8,619 8,391
Commitments and contingencies (Note 11) 0 0
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 100,000,000 authorized and 53,396,347 outstanding as of September 30, 2020, and 33,156,246 outstanding as of December 31, 2019 53 33
Preferred stock, $0.001 par value, 3,000,000 authorized and none outstanding as of September 30, 2020 and December 31, 2019 0 0
Additional paid-in capital 162,959 132,214
Accumulated other comprehensive income 45 1
Accumulated deficit (143,775) (122,492)
TOTAL STOCKHOLDERS’ EQUITY 19,282 9,756
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 27,901 18,147
Domain name and other intangibles, net    
OTHER NONCURRENT ASSETS    
Finite-lived intangible assets, net 19 33
Patents, net of accumulated amortization of $312,000 and $258,000, respectively    
OTHER NONCURRENT ASSETS    
Finite-lived intangible assets, net $ 2,014 $ 1,543