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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 232,684 $ 99,915
Restricted cash 5,000 0
Marketable securities 765,943 534,216
Trade receivables, net 30,463 0
Inventory 8,715 0
Prepaid expenses and other current assets 20,861 3,150
Total current assets 1,063,666 637,281
Property and equipment, net 2,268 1,553
Intangible assets, net 4,819 0
Right-of-use asset 2,512 1,713
Total assets 1,073,265 640,547
Current liabilities:    
Accounts payable 45,966 28,041
Accrued liabilities 131,003 89,980
Lease liability 878 527
Total current liabilities 177,847 118,548
Long term liabilities:    
Loan payable, net of discount 117,087 115,480
Lease liability 1,176 1,186
Total long term liabilities 118,263 116,666
Total liabilities 296,110 235,214
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share authorized: 5,000,000 shares at September 30, 2024 and December 31, 2023; 2,369,797 and 2,369,797 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 0 0
Common stock, par value $0.0001 per share authorized: 200,000,000 at September 30, 2024 and December 31, 2023; 21,806,436 and 19,875,427 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 2 2
Additional paid-in-capital 2,518,648 1,741,153
Accumulated other comprehensive income 1,271 468
Accumulated deficit (1,742,766) (1,336,290)
Total stockholders’ equity 777,155 405,333
Total liabilities and stockholders’ equity $ 1,073,265 $ 640,547