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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 126,319 $ 122,927
Accounts receivable 2,489 2,629
Contract asset   557
Prepaid expenses and other current assets 6,263 5,565
Total current assets 135,071 131,678
Property and equipment, net 2,989 2,499
Other assets 2,750 2,663
Total assets 140,810 136,840
Current liabilities:    
Accounts payable 4,671 3,126
Refund liability   21,233
Accrued expenses 14,865 16,207
Total current liabilities 19,536 40,566
Notes payable, net of deferred financing costs 69,927 40,809
Contract liability 9,113  
Other long-term liabilities 1,829 1,979
Total liabilities 100,405 83,354
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 25,000,000 shares authorized, 4,575 shares issued and outstanding at March 31, 2022 and December 31, 2021 4,302 4,302
Common stock, $0.001 par value; 150,000,000 shares authorized, 37,145,981 issued and 37,138,674 outstanding at March 31, 2022 and 36,797,561 issued and 36,790,254 outstanding at December 31, 2021 37 37
Additional paid-in capital 466,132 459,852
Treasury stock at cost, 7,307 shares at March 31, 2022 and December 31, 2021
Accumulated deficit (430,066) (410,705)
Total stockholders' equity 40,405 53,486
Total liabilities and stockholders' equity $ 140,810 $ 136,840