Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 44,229 $ 76,322 [1]
Short-term investments 68,148 52,215 [1]
Accounts receivable, net 6,933 4,077 [1]
Inventories 1,222 894 [1]
Prepaid and other current assets 3,972 3,479 [1]
Total current assets 124,504 136,987 [1]
Property and equipment, net 1,532 1,387 [1]
Operating lease right-of-use asset 29,409  
Other assets 713 735 [1]
Total assets 156,158 139,109 [1]
Current liabilities:    
Accounts payable 3,777 6,391 [1]
Accrued compensation 5,863 9,952 [1]
Accrued research and development 5,447 6,763 [1]
Other accrued liabilities 4,929 3,598 [1]
Lease liabilities, current portion 7,002  
Deferred revenue, current portion 1,362 1,030 [1]
Total current liabilities 28,380 27,734 [1]
Long-term portion of deferred revenue 26,401 1,408 [1]
Long-term portion of deferred rent [1]   90
Long-term portion of lease liabilities 23,086  
Commitments [1]
Stockholders' equity:    
Preferred stock [1]
Common stock 168 167 [1]
Additional paid-in capital 1,325,618 1,319,068 [1]
Accumulated other comprehensive income (loss) 43 (24) [1]
Accumulated deficit (1,247,538) (1,209,334) [1]
Total stockholders' equity 78,291 109,877 [1]
Total liabilities and stockholders' equity $ 156,158 $ 139,109 [1]
[1] The balance sheet at December 31, 2018 has been derived from the audited financial statements included in Rigel’s Annual Report on Form 10-K for the year ended December 31, 2018.