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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 127,787 $ 240,551
Short-term investments 47,549  
Accounts receivable, net 5,234 6,348
Inventory 2,674 77
Prepaid expenses and other current assets 11,365 5,402
Total current assets 194,609 252,378
Property and equipment, net 3,938 4,236
Other assets 2,653 2,904
Total assets 201,200 259,518
Current liabilities:    
Accounts payable 2,302 4,461
Current portion of notes payable 3,850  
Current portion of revenue interest financing payable 1,556 1,020
Accrued expenses 17,895 19,536
Total current liabilities 25,603 25,017
Notes payable, net of deferred financing costs 68,136 71,018
Revenue interest financing payable, net of deferred financing costs 31,950 29,857
Contract liabilities, net 17,016 16,285
Other long-term liabilities 1,156 1,341
Total liabilities 143,861 143,518
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 25,000,000 shares authorized, no shares issued and outstanding at June 30, 2023; 4,043 shares issued and outstanding at December 31, 2022   4,043
Common stock, $0.001 par value; 150,000,000 shares authorized, 50,616,489 issued and 50,609,182 outstanding at June 30, 2023 and 49,650,074 issued and 49,642,767 outstanding at December 31, 2022 51 50
Additional paid-in capital 554,587 542,428
Treasury stock at cost, 7,307 shares at June 30, 2023 and December 31, 2022
Accumulated other comprehensive loss (114)  
Accumulated deficit (497,185) (430,521)
Total stockholders' equity 57,339 116,000
Total liabilities and stockholders' equity $ 201,200 $ 259,518