Perform a Vertical Analysis with the given information and show your work.

2 3 4 BALANCE SHEET Vertical Analyse 31-Dec-19 31-Dec-18 S 6 2 8 Assets g Current assets: 10 Cash and cash equivalents 11 Investments (short term) 12 Accounts receivable 13 Prepaid expenses and other current assets 14 Restricted cash 15 Total current assets 16 Investments, non-current 17. Property and equipment, net 18 Right-of-use assets, operating leases 19 Restricted cash, non-current 20 Other non-current assets 21 Total assets 22 Liabilities and Stockholders' Equity 23 Current liabilities: 24 Accounts payable 25 Accrued liabilities 26 Deferred revenue 27 Other current liabilities 28 Total current liabilities 29. Deferred revenue, non-current 30 Operating lease liabilities, non-current 31 Financing lease liabilities, non-current 32 Deferred lease obligation, non-current 33 Lease financing obligation 34 Other non-current liabilities 35 Total liabilities 36 Stockholders' equity: Common stock, par value 50.0001;1,600,000,000 shares authorized as of December 31. 2019 and 2018,336,536,985 and 328,798,904 shares issued and outstanding as of 37 December 31, 2019 and 2018, respectively 38 Additional paid-in capital 39 Accumulated other comprehensive gain (loss) 0 Accumulated delicit Total stockholders' equity 22 Total abilities and stockholders' equity 23 + $ 235,876 867,124 5,369 19,403 1,032 1,128,804 159,987 201,495 86,414 10,791 1,931 1,589,422 658,364 863,063 12,585 28,399 595 1,563,006 172,990 211,977 11,532 2,644 $ 1,962,149 $ 8 Assets 9 Current assets: 10 Cash and cash equivalents $ 11 Investments (short term) 12 Accounts recevable 13 Prepaid expenses and other current assets 14 Restricted cash 15 Total current assets 16 Investments, non-current 17 Property and equipment, net 18 Right-of-use assets, operating leases 19 Restricted cash, non-current 20 Other non-current assets 21 Total assets $ 22 Llabilities and Stockholders' Equity 23 Current liabilities: 24 Accounts payable $ 25 Accrued liabilities 26 Deferred revenue 27 Other current liabilities 28 Total current liabilities 29 Deferred revenue, non-current 30 Operating lease liabilities, non-current 31 Financing lease liabilities, non-current 32 Deferred lease obligation, non-current 33 Lease financing obligation 34 Other non-current liabilities 35 Total liabilities 36 Stockholders' equity: 37 Common stock, par value $0.0001;1,600,000,000 shares authorized as of December 31, 2019 38 Additional paid-in capital 39 Accumulated other comprehensive gain (loss) 40 Accumulated deficit 41 Total stockholders' equity 42 Total liabilities and stockholders' equity S 43 7,090 67,652 63,310 5,063 143,115 138,995 93,675 38,689 31,210 79,073 109,056 3,464 222,803 165,352 10,006 33,489 258 431,908 138 414,612 34 2,669,426 1,804 (1,496,454) 1,174,810 1,589,422 33 2,538,155 (1,320) (1,006,627) 1,530,241 $ 1,962,149 CONSOLIDATED STATEMENTS OF OPERATIONS DONOWN Years Ended December 31, 2019 2018 2017 $ 5 6 7 8 Revenue 9. Collaboration revenue 10 Collaboration revenue from related party (Note 14) 11 Grant revenue 12 Total revenue 13 Operating expenses: 14 Research and development 15 General and administrative 16 Total operating expenses 17 Loss from operations 18 19 42,8033 5,233 12,173 60,209 76,519 $ 45,993 12,556 135,068 146,953 30,021 28,851 205,825 496,309 109,620 605,929 545,720) 454,082 94,252 548,334 (413,266) 410,459 64,722 475,181 269 356)