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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 43,915 $ 55,516
Short-term investments – available for sale 898,348 306,563
Prepaid clinical trial and preclinical study costs 3,323 2,624
Prepaid expenses and other current assets 138 2,522
Total current assets 945,724 367,225
Right-of-use assets 977 1,126
Deferred financing costs 105 106
Deposits 33 33
Total assets 946,839 368,490
Current liabilities:    
Accounts payable 11,090 7,512
Other accrued liabilities 13,669 11,299
Lease liability, current 334 324
Total current liabilities 25,093 19,135
Lease liability, net of current portion 766 936
Total long-term liabilities 766 936
Total liabilities 25,859 20,071
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized at June 30, 2024 and December 31, 2023; no shares issued and outstanding at June 30, 2024 and December 31, 2023
Common stock, $0.00001 par value: 300,000,000 shares authorized at June 30, 2024 and December 31, 2023; 110,796,200 shares issued and outstanding at June 30, 2024 and 100,113,770 shares issued and outstanding at December 31, 2023 1 1
Treasury stock at cost, no shares at June 30, 2024 and 2,193,251 shares at December 31, 2023 0 (6,795)
Additional paid-in capital 1,350,801 733,546
Accumulated deficit (427,550) (377,944)
Accumulated other comprehensive loss (2,272) (389)
Total stockholders’ equity 920,980 348,419
Total liabilities and stockholders’ equity $ 946,839 $ 368,490