Full Press Release Details
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Condensed Consolidated Balance Sheets
| March 31, | December 31, | ||||
| (in thousands except par value amounts) | 2014 | 2013 | |||
| Assets | |||||
| Current assets | |||||
| Cash and cash equivalents | $ | 41,261 | $ | 26,362 | |
| Investments | 77,475 | 86,166 | |||
| Accounts receivable | 3,383 | 2,746 | |||
| Inventory, net | 8,301 | 10,050 | |||
| Prepaid expenses and other current assets | 1,642 | 1,135 | |||
| Total current assets | 132,062 | 126,459 | |||
| Property and equipment, net | 8,492 | 9,236 | |||
| Other long-term assets | 486 | 490 | |||
| Total assets | $ | 141,040 | $ | 136,185 | |
| Liabilities and Stockholders' Equity | |||||
| Current liabilities | |||||
| Accounts payable | $ | 3,926 | $ | 1,717 | |
| Accrued expenses and other current liabilities | 7,678 | 9,797 | |||
| Deferred service revenue, current | 3,904 | 4,046 | |||
| Deferred contractual revenue, current | 6,785 | 6,785 | |||
| Facility financing obligation, current | 220 | 210 | |||
| Total current liabilities | 22,513 | 22,555 | |||
| Deferred service revenue, non-current | 918 | 518 | |||
| Deferred contractual revenue, non-current | 24,823 | 26,519 | |||
| Facility financing obligation, non-current | 2,345 | 2,403 | |||
| Deferred rent and other long-term liabilities | 842 | 1,114 | |||
| Notes payable | 13,525 | 13,347 | |||
| Financing derivative | 549 | 549 | |||
| Total liabilities | 65,515 | 67,005 | |||
| Commitments and contingencies | |||||
| Stockholders' equity | |||||
| Preferred Stock, $0.001 par value: | |||||
| Authorized 50,000 shares; No shares issued or outstanding | |||||
| Common Stock, $0.001 par value: | |||||
| Authorized 1,000,000 shares; Issued and outstanding 70,472 shares at March 31, 2014 and 66,275 shares at December 31, 2013, respectively | 70 | 66 | |||
| Additional paid-in capital | 709,636 | 684,413 | |||
| Accumulated other comprehensive income | 18 | 14 | |||
| Accumulated deficit | (634,199) | (615,313) | |||
| Total stockholders' equity | 75,525 | 69,180 | |||
| Total liabilities and stockholders' equity | $ | 141,040 | $ | 136,185 |