Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v3.19.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 74,696 $ 76,322 [1]
Short-term investments 53,227 52,215 [1]
Accounts receivable, net 5,614 4,077 [1]
Inventories 1,130 894 [1]
Prepaid and other current assets 4,652 3,479 [1]
Total current assets 139,319 136,987 [1]
Property and equipment, net 1,600 1,387 [1]
Operating lease right-of-use asset 31,136  
Other assets 729 735 [1]
Total assets 172,784 139,109 [1]
Current liabilities:    
Accounts payable 1,179 6,391 [1]
Accrued compensation 4,432 9,952 [1]
Accrued research and development 6,999 6,763 [1]
Other accrued liabilities 6,755  
Lease liabilities, current portion 5,241 3,598 [1]
Deferred revenue, current portion 1,532 1,030 [1]
Total current liabilities 26,138 27,734 [1]
Long - term portion of deferred revenue 26,381 1,408 [1]
Long-term portion of deferred rent [1]   90
Long-term portion of lease liabilities 24,950  
Commitments [1]
Stockholders' equity:    
Preferred stock [1]
Common stock 167 167 [1]
Additional paid-in capital 1,322,070 1,319,068 [1]
Accumulated other comprehensive income (loss) 10 (24) [1]
Accumulated deficit (1,226,932) (1,209,334) [1]
Total stockholders' equity 95,315 109,877 [1]
Total liabilities and stockholders' equity $ 172,784 $ 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.