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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 622,517 $ 99,915
Marketable securities 436,546 534,216
Inventory 854 0
Prepaid expenses and other current assets 14,035 3,150
Total current assets 1,073,952 637,281
Property and equipment, net 1,742 1,553
Intangible assets, net 5,000 0
Right-of-use asset 1,586 1,713
Total assets 1,082,280 640,547
Current liabilities:    
Accounts payable 21,528 28,041
Accrued expenses 92,271 89,980
Lease liability 542 527
Total current liabilities 114,341 118,548
Long term liabilities:    
Loan payable, net of discount 116,135 115,480
Lease liability 1,045 1,186
Total long term liabilities 117,180 116,666
Total liabilities 231,521 235,214
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share authorized: 5,000,000 shares at September 30, 2023 and December 31, 2022; 2,369,797 and 2,369,797 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 0 0
Common stock, par value $0.0001 per share authorized: 200,000,000 at September 30, 2023 and December 31, 2022; 18,494,192 and 18,102,523 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 2 2
Additional paid-in-capital 2,334,760 1,741,153
Accumulated other comprehensive income (loss) (172) 468
Accumulated deficit (1,483,831) (1,336,290)
Total stockholders’ equity 850,759 405,333
Total liabilities and stockholders’ equity $ 1,082,280 $ 640,547