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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 146,904 $ 240,551
Short-term investments 52,297  
Accounts receivable, net 11,693 6,348
Inventory 37 77
Prepaid expenses and other current assets 9,064 5,402
Total current assets 219,995 252,378
Property and equipment, net 4,037 4,236
Other assets 2,785 2,904
Total assets 226,817 259,518
Current liabilities:    
Accounts payable 4,466 4,461
Current portion of revenue interest financing payable 1,321 1,020
Accrued expenses 15,727 19,536
Total current liabilities 21,514 25,017
Notes payable, net of deferred financing costs 71,498 71,018
Revenue interest financing payable, net of deferred financing costs 30,893 29,857
Contract liabilities, net 16,416 16,285
Other long-term liabilities 1,411 1,341
Total liabilities 141,732 143,518
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 25,000,000 shares authorized, 4,300 shares issued and outstanding at March 31, 2023 and December 31, 2022 4,043 4,043
Common stock, $0.001 par value; 150,000,000 shares authorized, 49,672,424 issued and 49,665,117 outstanding at March 31, 2023 and 49,650,074 issued and 49,642,767 outstanding at December 31, 2022 50 50
Additional paid-in capital 546,169 542,428
Treasury stock at cost, 7,307 shares at March 31, 2023 and December 31, 2022
Accumulated other comprehensive income 74  
Accumulated deficit (465,251) (430,521)
Total stockholders' equity 85,085 116,000
Total liabilities and stockholders' equity $ 226,817 $ 259,518