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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 140,437 $ 240,551
Short-term investments 35,919  
Accounts receivable, net 4,281 6,348
Inventory 2,736 77
Prepaid expenses and other current assets 11,667 5,402
Total current assets 195,040 252,378
Property and equipment, net 3,909 4,236
Other assets 1,857 2,904
Total assets 200,806 259,518
Current liabilities:    
Accounts payable 2,626 4,461
Current portion of notes payable 7,700  
Current portion of revenue interest financing payable 1,901 1,020
Accrued expenses 18,328 19,536
Total current liabilities 30,555 25,017
Notes payable, net of deferred financing costs 64,783 71,018
Revenue interest financing payable, net of deferred financing costs 32,855 29,857
Contract liabilities, net 17,105 16,285
Other long-term liabilities 971 1,341
Total liabilities 146,269 143,518
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 25,000,000 shares authorized, no shares issued and outstanding at September 30, 2023; 4,300 shares issued and outstanding at December 31, 2022   4,043
Common stock, $0.001 par value; 150,000,000 shares authorized, 54,580,797 issued and 54,573,490 outstanding at September 30, 2023 and 49,650,074 issued and 49,642,767 outstanding at December 31, 2022 55 50
Additional paid-in capital 584,710 542,428
Treasury stock at cost, 7,307 shares at September 30, 2023 and December 31, 2022
Accumulated other comprehensive loss (71)  
Accumulated deficit (530,157) (430,521)
Total stockholders' equity 54,537 116,000
Total liabilities and stockholders' equity $ 200,806 $ 259,518