DURECT CORPORATION | ||||
CONDENSED BALANCE SHEETS | ||||
(in thousands) | ||||
As of | As of | |||
June 30, 2019 | December 31, 2018(1) | |||
(unaudited) | ||||
ASSETS | ||||
Current assets: | ||||
Cash and cash equivalents | $ 36,943 | $ 31,644 | ||
Short-term investments | 996 | 2,671 | ||
Accounts receivable | 2,142 | 1,757 | ||
Inventories, net | 3,665 | 3,421 | ||
Prepaid expenses and other current assets | 1,336 | 2,247 | ||
Total current assets | 45,082 | 41,740 | ||
Property and equipment, net | 533 | 605 | ||
Operating lease right-of-use assets | 6,717 | - | ||
Goodwill | 6,399 | 6,399 | ||
Long-term restricted Investments | 150 | 150 | ||
Other long-term assets | 1,106 | 1,105 | ||
Total assets | $ 59,987 | $ 49,999 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
Current liabilities: | ||||
Accounts payable | $ 2,012 | $ 1,589 | ||
Accrued liabilities | 4,377 | 4,668 | ||
Contract research liability | 1,204 | 1,405 | ||
Term loan, current portion, net | 972 | - | ||
Operating lease liabilities, current portion | 2,014 | - | ||
Total current liabilities | 10,579 | 7,662 | ||
Deferred revenue, noncurrent portion | 812 | 812 | ||
Operating lease liabilities, noncurrent portion | 5,143 | - | ||
Term loan, noncurrent portion, net | 19,838 | 20,533 | ||
Other long-term liabilities | 721 | 992 | ||
Stockholders' equity | 22,894 | 20,000 | ||
Total liabilities and stockholders' equity | $ 59,987 | $ 49,999 | ||
(1) Derived from audited financial statements. | ||||
