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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 195,579 $ 55,516
Short-term investments – available for sale 767,397 306,563
Prepaid clinical trial and preclinical study costs 2,716 2,624
Prepaid expenses and other current assets 643 2,522
Total current assets 966,335 367,225
Right-of-use assets 1,052 1,126
Deferred financing costs 98 106
Deposits 33 33
Total assets 967,518 368,490
Current liabilities:    
Accounts payable 5,225 7,512
Other accrued liabilities 27,220 11,299
Lease liability, current 329 324
Total current liabilities 32,774 19,135
Lease liability, net of current portion 852 936
Total long-term liabilities 852 936
Total liabilities 33,626 20,071
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized at March 31, 2024 and December 31, 2023; no shares issued and outstanding at March 31, 2024 and December 31, 2023
Common stock, $0.00001 par value: 300,000,000 shares authorized at March 31, 2024 and December 31, 2023; 110,228,869 shares issued and outstanding at March 31, 2024 and 100,113,770 shares issued and outstanding at December 31, 2023 1 1
Treasury stock at cost, no shares at March 31, 2024 and 2,193,251 shares at December 31, 2023 0 (6,795)
Additional paid-in capital 1,340,789 733,546
Accumulated deficit (405,299) (377,944)
Accumulated other comprehensive loss (1,599) (389)
Total stockholders’ equity 933,892 348,419
Total liabilities and stockholders’ equity $ 967,518 $ 368,490