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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 92,487 $ 96,140
Short-term investments 37,886 27,769
Accounts receivable 12,120 7,733
Inventory 4,823 3,282
Prepaid commercial manufacturing 13,835 13,567
Prepaid expenses and other current assets 5,896 5,112
Total current assets 167,047 153,603
Inventory, non-current 40,124 25,064
Right-of-use assets 7,972 9,295
Property and equipment, net 1,102 1,223
Other assets 774 881
Total assets 217,019 190,066
Current liabilities:    
Accounts payable 10,513 10,859
Accrued compensation and benefits 5,074 7,548
Current portion of long-term debt 26,880 26,711
Current portion of operating lease liability 3,998 3,894
Deferred revenue 5,545 4,211
Accrued expenses and other current liabilities 11,053 12,380
Total current liabilities 63,063 65,603
Operating lease liability, net of current portion 4,814 5,855
Deferred revenue, non-current 11,498 9,025
Deferred royalty obligation related to the sale of future royalties 12,223 11,254
Total liabilities 91,598 91,737
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively. 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized; 214,462,050 and 198,575,016 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively. 21 20
Additional paid-in capital 932,330 878,500
Accumulated deficit (806,910) (780,137)
Accumulated other comprehensive loss (20) (54)
Total stockholders’ equity 125,421 98,329
Total liabilities and stockholders’ equity $ 217,019 $ 190,066