Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v3.19.1
Subsequent Events
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

 

NOTE 16—SUBSEQUENT EVENTS

On January 23, 2019 the Company entered into a facility lease agreement for an additional 57,000 square feet of office and laboratory space in Austin, Texas. The lease is estimated to commence in March 2019 and expire August 2028 with no option to renew. The lease will be recognized and measured in accordance with ASC 842 guidance. As such, the Company expects a significant lease liability and right-of-use asset to be recorded on its consolidated balance sheet upon adoption of ASC 842 in 2019.