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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 96,140 $ 72,428
Short-term investments 27,769 44,261
Accounts receivable 7,733 502
Inventory 3,282 0
Prepaid commercial manufacturing 13,567 9,406
Prepaid expenses and other current assets 5,112 7,052
Total current assets 153,603 133,649
Property and equipment, net 1,223 2,362
Inventory, non-current 25,064 0
Right-of-use assets 9,295 12,752
Other assets 881 1,150
Total assets 190,066 149,913
Current liabilities:    
Accounts payable 10,859 4,277
Accrued compensation and benefits 7,548 5,422
Current portion of operating lease liability 3,894 3,492
Current portion of long-term debt 26,711 32,264
Deferred revenue 4,211 0
Accrued expenses and other current liabilities 12,380 7,366
Total current liabilities 65,603 52,821
Operating lease liability, net of current portion 5,855 9,748
Deferred revenue, non-current 9,025 4,727
Deferred royalty obligation related to the sale of future royalties 11,254 0
Total liabilities 91,737 67,296
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively. 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized; 198,575,016 and 130,182,535 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively. 20 13
Additional paid-in capital 878,500 795,540
Accumulated deficit (780,137) (712,930)
Accumulated other comprehensive loss (54) (6)
Total stockholders’ equity 98,329 82,617
Total liabilities and stockholders’ equity $ 190,066 $ 149,913