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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 50,347 $ 55,516
Short-term investments – available for sale 880,093 306,563
Prepaid clinical trial and preclinical study costs 4,476 2,624
Prepaid expenses and other current assets 1,733 2,522
Total current assets 936,649 367,225
Right-of-use assets 1,113 1,126
Deferred financing costs 80 106
Deposits 46 33
Total assets 937,888 368,490
Current liabilities:    
Accounts payable 254 7,512
Other accrued liabilities 24,951 11,299
Lease liability, current 480 324
Total current liabilities 25,685 19,135
Lease liability, net of current portion 755 936
Total long-term liabilities 755 936
Total liabilities 26,440 20,071
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized at September 30, 2024 and December 31, 2023; no shares issued and outstanding at September 30, 2024 and December 31, 2023
Common stock, $0.00001 par value: 300,000,000 shares authorized at September 30, 2024 and December 31, 2023; 111,434,821 shares issued and outstanding at September 30, 2024 and 100,113,770 shares issued and outstanding at December 31, 2023 1 1
Treasury stock at cost, no shares at September 30, 2024 and 2,193,251 shares at December 31, 2023 0 (6,795)
Additional paid-in capital 1,362,305 733,546
Accumulated deficit (452,490) (377,944)
Accumulated other comprehensive loss 1,632 (389)
Total stockholders’ equity 911,448 348,419
Total liabilities and stockholders’ equity $ 937,888 $ 368,490