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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 30,058 $ 96,140
Short-term investments 97,521 27,769
Accounts receivable 9,109 7,733
Inventory 7,617 3,282
Prepaid commercial manufacturing 13,166 13,567
Prepaid expenses and other current assets 4,647 5,112
Total current assets 162,118 153,603
Inventory, non-current 40,295 25,064
Right-of-use assets 7,053 9,295
Property and equipment, net 1,064 1,223
Other assets 673 881
Total assets 211,203 190,066
Current liabilities:    
Accounts payable 5,294 10,859
Accrued compensation and benefits 6,880 7,548
Current portion of long-term debt 27,052 26,711
Current portion of operating lease liability 4,105 3,894
Deferred revenue 5,959 4,211
Accrued expenses and other current liabilities 12,399 12,380
Total current liabilities 61,689 65,603
Operating lease liability, net of current portion 3,752 5,855
Deferred revenue, non-current 9,238 9,025
Deferred royalty obligation related to the sale of future royalties 13,191 11,254
Other liabilities, non-current 172 0
Total liabilities 88,042 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 June 30, 2023 and December 31, 2022, respectively. 0 0
Common stock, $0.0001 par value; 500,000,000 shares and 300,000,000 shares authorized; 217,862,921 and 198,575,016 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively. 22 20
Additional paid-in capital 947,380 878,500
Accumulated deficit (824,031) (780,137)
Accumulated other comprehensive loss (210) (54)
Total stockholders’ equity 123,161 98,329
Total liabilities and stockholders’ equity $ 211,203 $ 190,066
Common stock, shares authorized (in shares) 500,000,000 300,000,000