XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 88,515 $ 155,579
Short-term investments 285,343 268,971
Prepaid expenses and other current assets 8,616 6,521
Unbilled revenue - related party 128 102
Total current assets 382,602 431,173
Property and equipment, net 1,590 1,326
Operating lease right-of-use asset 1,468 1,610
Other assets 982 982
Total assets 386,642 435,091
Current liabilities:    
Accounts payable 7,872 14,234
Accrued liabilities (related party $1,146 and $3,244 as of March 31, 2023 and December 31, 2022, respectively) 21,428 18,827
Current portion of deferred revenue - related party 288 288
Total current liabilities 29,588 33,349
Long-term debt, net 4,677 4,645
Deferred revenue - related party 789 861
Other liabilities 1,039 1,172
Total liabilities 36,093 40,027
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000,000 shares authorized; 43,055,318 and 41,305,947 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 431 414
Additional paid-in capital 771,705 741,067
Accumulated other comprehensive loss (174) (390)
Accumulated deficit (556,325) (488,174)
Total stockholders’ equity 350,549 395,064
Total liabilities and stockholders’ equity 386,642 435,091
Series A Preferred Stock    
Stockholders’ equity:    
Preferred stock 78,235 85,470
Series B Preferred Stock    
Stockholders’ equity:    
Preferred stock $ 56,677 $ 56,677