Full Press Release Details
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Condensed Consolidated Balance Sheets
| September 30, | December 31, | ||||
| (in thousands except par value amounts) | 2014 | 2013 | |||
| Assets | |||||
| Current assets | |||||
| Cash and cash equivalents | $ | 35,411 | $ | 26,362 | |
| Investments | 63,901 | 86,166 | |||
| Accounts receivable | 2,370 | 2,746 | |||
| Inventory, net | 11,398 | 10,050 | |||
| Prepaid expenses and other current assets | 1,057 | 1,135 | |||
| Total current assets | 114,137 | 126,459 | |||
| Property and equipment, net | 7,034 | 9,236 | |||
| Other long-term assets | 471 | 490 | |||
| Total assets | $ | 121,642 | $ | 136,185 | |
| Liabilities and Stockholders' Equity | |||||
| Current liabilities | |||||
| Accounts payable | $ | 5,845 | $ | 1,717 | |
| Accrued expenses | 8,726 | 7,905 | |||
| Deferred service revenue, current | 5,307 | 4,046 | |||
| Deferred contractual revenue, current | 6,785 | 6,785 | |||
| Other liabilities, current | 2,477 | 2,102 | |||
| Total current liabilities | 29,140 | 22,555 | |||
| Deferred service revenue, non-current | 918 | 518 | |||
| Deferred contractual revenue, non-current | 21,431 | 26,519 | |||
| Other liabilities, non-current | 2,505 | 3,517 | |||
| Notes payable | 13,914 | 13,347 | |||
| Financing derivative | 699 | 549 | |||
| Total liabilities | 68,607 | 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 70,976 shares at September 30, 2014 and 66,275 shares at December 31, 2013, respectively | 71 | 66 | |||
| Additional paid-in capital | 715,439 | 684,413 | |||
| Accumulated other comprehensive income | 23 | 14 | |||
| Accumulated deficit | (662,498) | (615,313) | |||
| Total stockholders' equity | 53,035 | 69,180 | |||
| Total liabilities and stockholders' equity | $ | 121,642 | $ | 136,185 |