In millions, except per share items | Dec-31-20 | Dec-31-19 |
| 10-K | 10-K |
Assets | | |
Current assets | | |
Cash and cash equivalents | 219.9 | 16.0 |
Accounts receivable | 1.0 | 1.0 |
Prepaid expenses and other current assets | 3.1 | 3.0 |
Total current assets | 223.9 | 20.0 |
Property and equipment, net | 3.4 | 1.1 |
Restricted cash | 0.5 | |
Total assets | 227.9 | 21.0 |
|
Liabilities and stockholders’/members’ equity (deficit) | | |
Current liabilities: | | |
Accounts payable | 1.8 | 1.2 |
Accrued expenses and other current liabilities | 3.3 | 1.5 |
Current portion of deferred revenue | 3.8 | 4.4 |
Total current liabilities | 8.9 | 7.0 |
Deferred revenue, net of current portion | 3.8 | 6.1 |
Long-term debt, net of issuance costs | | 3.7 |
Other long-term liabilities | 0.5 | 0.1 |
Total liabilities | 13.1 | 16.8 |
|
Commitments and contingencies (Note 8) | | |
Redeemable convertible preferred shares, no par value; no shares authorized, issued or outstanding at December 31, 2020; 51,217,321 shares authorized and 35,524,212 shares issued and outstanding at December 31, 2019 | | 47.0 |
|
Stockholders’/Members’ equity (deficit) | | |
Preferred stock, par value $.001 per share: authorized, 5,000,000 shares; none issued | | |
Common stock value | | |
Incentive shares, no par value; no shares authorized, issued or outstanding at December 31, 2020; 7,717,678 shares authorized and 946,751 shares issued and outstanding at December 31, 2019 | | 0.2 |
Additional paid-in capital | 300.7 | |
Accumulated deficit | -86.0 | -43.0 |
Total stockholders’/members’ equity (deficit) | 214.7 | -42.8 |
Total liabilities, redeemable convertible preferred stock/shares and stockholders’/members’ equity | 227.9 | 21.0 |