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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 144,749 $ 25,986
Restricted cash 500 500
Marketable securities 143,505 59,844
Accounts receivable, net of allowance for doubtful accounts of $50 and $50 16,272 18,676
Unbilled and other receivables 1,908 7,062
Prepaid expenses 5,881 6,468
Total current assets 312,815 118,536
Property and equipment, net 6,488 6,268
Equity investments 15,156 15,366
Right of use assets 13,241 12,762
Other assets 2,172 2,338
Total assets 349,872 155,270
Current liabilities:    
Accounts payable 6,675 3,524
Accrued payroll, taxes, and benefits 4,745 7,034
Deferred revenue 21,710 25,054
Lease liabilities 5,851 5,584
Other accrued liabilities 3,185 3,824
Total current liabilities 42,166 45,020
Deferred revenue, long-term 2,125 2,205
Lease liabilities, long-term 9,133 8,888
Other liabilities, long-term 900 900
Total liabilities 54,324 57,013
Commitments and contingencies (Note 4)
Convertible preferred stock:    
Total convertible preferred stock   191,580
Stockholders' equity (deficit):    
Common stock 501 61
Additional paid-in capital 414,248 11,655
Accumulated deficit (118,922) (105,096)
Accumulated other comprehensive (loss) income (442) 16
Total stockholders’ equity (deficit) of Schrödinger stockholders 295,517 (93,364)
Noncontrolling interest 31 41
Total stockholders’ equity (deficit) 295,548 (93,323)
Total liabilities, convertible preferred stock, and stockholders’ equity (deficit) 349,872 155,270
Series E Convertible Preferred Stock    
Convertible preferred stock:    
Total convertible preferred stock   109,270
Series D Convertible Preferred Stock    
Convertible preferred stock:    
Total convertible preferred stock   22,000
Series C Convertible Preferred Stock    
Convertible preferred stock:    
Total convertible preferred stock   19,844
Series B Convertible Preferred Stock    
Convertible preferred stock:    
Total convertible preferred stock   9,840
Series A Convertible Preferred Stock    
Convertible preferred stock:    
Total convertible preferred stock   $ 30,626
Limited Common Stock    
Stockholders' equity (deficit):    
Common stock 132  
Total stockholders’ equity (deficit) $ 132