Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
 [1]
Current assets:    
Cash and cash equivalents $ 45,225 $ 22,521
Short-term investments 50,701 75,557
Accounts receivable, net 9,660 10,111
Inventories 1,622 1,354
Prepaid and other current assets 9,124 9,462
Total current assets 116,332 119,005
Property and equipment, net 2,595 2,159
Operating lease right-of-use asset 23,775 25,709
Other assets 661 696
Total assets 143,363 147,569
Current liabilities:    
Accounts payable 2,207 4,152
Accrued compensation 5,507 8,819
Accrued research and development 6,695 5,960
Other accrued liabilities 6,930 6,721
Lease liabilities, current portion 7,780 7,272
Deferred revenue, current portion 2,053 25,288
Total current liabilities 31,172 58,212
Long-term portion of deferred revenue 1,558 1,404
Long-term portion of lease liabilities 17,305 19,230
Loans payable, net of discount 9,829 9,810
Other long-term liabilities 5,000 5,098
Commitments
Stockholders' equity:    
Preferred stock
Common stock 169 168
Additional paid-in capital 1,333,237 1,329,852
Accumulated other comprehensive income 78 23
Accumulated deficit (1,254,985) (1,276,228)
Total stockholders' equity 78,499 53,815
Total liabilities and stockholders' equity $ 143,363 $ 147,569
[1] The balance sheet at December 31, 2019 has been derived from the audited financial statements included in Rigel’s Annual Report on Form 10-K for the year ended December 31, 2019.