XML 30 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 94,958 $ 24,039
Advance for COVAXIN supply 4,988 0
Prepaid expenses and other current assets 2,700 1,839
Total current assets 102,646 25,878
Property and equipment, net 1,164 633
Restricted cash 151 151
Other assets 1,800 714
Total assets 105,761 27,376
Current liabilities    
Accounts payable 2,312 395
Accrued expenses and other current liabilities 4,325 2,941
Short-term debt, net 0 234
Operating lease obligations 363 44
Total current liabilities 7,000 3,614
Non-current liabilities    
Operating lease obligations, less current portion 1,231 389
Long term debt, net 1,712 1,823
Total non-current liabilities 2,943 2,212
Total liabilities 9,943 5,826
Commitments and contingencies (Note 14)
Stockholders’ equity    
Common stock; $0.01 par value; 295,000,000 and 200,000,000 authorized; 199,502,183 and 184,133,384 shares issued, and 199,380,683 and 184,011,884 shares outstanding at December 31, 2021 and 2020, respectively 1,995 1,841
Treasury Stock, at cost, 121,500 shares at December 31, 2021 and 2020 (48) (48)
Additional paid-in capital 225,537 93,059
Accumulated deficit (131,667) (73,302)
Total stockholders’ equity 95,818 21,550
Total liabilities and stockholders’ equity 105,761 27,376
Series A Convertible Preferred Stock    
Stockholders’ equity    
Preferred stock issued 0 0
Series B Convertible Preferred Stock    
Stockholders’ equity    
Preferred stock issued $ 1 $ 0