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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 494,597 $ 99,915
Restricted cash 5,000 0
Marketable securities 563,197 534,216
Trade receivables, net 6,899 0
Inventory 7,072 0
Prepaid expenses and other current assets 14,963 3,150
Total current assets 1,091,728 637,281
Property and equipment, net 1,695 1,553
Intangible assets, net 4,910 0
Right-of-use asset 1,456 1,713
Total assets 1,099,789 640,547
Current liabilities:    
Accounts payable 8,994 28,041
Accrued expenses 115,611 89,980
Lease liability 557 527
Total current liabilities 125,162 118,548
Long term liabilities:    
Loan payable, net of discount 116,607 115,480
Lease liability 900 1,186
Total long term liabilities 117,507 116,666
Total liabilities 242,669 235,214
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share authorized: 5,000,000 shares at June 30, 2024 and December 31, 2023; 2,369,797 and 2,369,797 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Common stock, par value $0.0001 per share authorized: 200,000,000 at June 30, 2024 and December 31, 2023; 20,684,663 and 19,875,427 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 2 2
Additional paid-in-capital 2,493,288 1,741,153
Accumulated other comprehensive income (loss) (368) 468
Accumulated deficit (1,635,802) (1,336,290)
Total stockholders’ equity 857,120 405,333
Total liabilities and stockholders’ equity $ 1,099,789 $ 640,547