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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 107,349 $ 24,039
Advance for COVAXIN supply 4,988 0
Prepaid expenses and other current assets 1,113 1,839
Total current assets 113,450 25,878
Property and equipment, net 1,052 633
Restricted cash 151 151
Other assets 1,659 714
Total assets 116,312 27,376
Current liabilities    
Accounts payable 2,095 395
Accrued expenses and other current liabilities 3,962 2,941
Short-term debt, net 0 234
Operating lease obligation 172 44
Total current liabilities 6,229 3,614
Non-current liabilities    
Operating lease obligation, less current portion 1,280 389
Long term debt, net 1,693 1,823
Total non-current liabilities 2,973 2,212
Total liabilities 9,202 5,826
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock; $0.01 par value; 295,000,000 and 200,000,000 shares authorized, 199,049,329 and 184,133,384 shares issued, and 198,927,829 and 184,011,884 shares outstanding at September 30, 2021 and December 31, 2020, respectively 1,990 1,841
Treasury stock, at cost, 121,500 shares at September 30, 2021 and December 31, 2020 (48) (48)
Additional paid-in capital 222,253 93,059
Accumulated deficit (117,086) (73,302)
Total stockholders’ equity 107,110 21,550
Total liabilities and stockholders’ equity 116,312 27,376
Series A Preferred Stock    
Stockholders’ equity    
Preferred stock issued 0 0
Series B Preferred Stock    
Stockholders’ equity    
Preferred stock issued $ 1 $ 0