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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 66,824 $ 127,965
Prepaid expenses and other current assets 6,104 8,049
Current assets of discontinued operations 0 39,396
Total current assets 72,928 175,410
Property and equipment, net 12,566 17,614
Operating lease assets 82,910 90,417
Restricted cash 9,873 8,185
Restricted investments 0 1,401
Other non-current assets 465 2,187
Non-current assets of discontinued operations [1] 0 63,386
Total assets 178,742 358,600
Current liabilities:    
Accounts payable 8,254 3,641
Accrued expenses and other current liabilities 17,716 22,509
Accrued liabilities due to SPN - related party 30,517 0
Operating lease liabilities 8,346 5,587
Current liabilities of discontinued operations [2] 0 66,922
Total current liabilities 64,833 98,659
Long term portion of note payable, net of discount 0 101,544
Operating lease liabilities, net of current portion 85,266 91,652
Accrued liabilities due to SPN, net of current portion - related party 2,941 0
Warrant liabilities 0 546
Other long-term liabilities 1,783 1,628
Non-current liabilities of discontinued operations 0 109,427
Total liabilities 154,823 403,456
Commitments and contingencies (Note 13)
Stockholders' equity (deficit):    
Preferred stock, $0.001 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 0 0
Common stock, $0.001 par value; 360,000,000 shares authorized at September 30, 2024 and 240,000,000 share authorized December 31, 2023; 170,200,253 and 135,041,467 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 170 135
Additional paid-in capital 986,211 933,244
Accumulated other comprehensive loss 0 0
Accumulated deficit (962,462) (978,235)
Total stockholders' equity (deficit) 23,919 (44,856)
Total liabilities and stockholders' equity (deficit) $ 178,742 $ 358,600
[1] Includes $38,877 as of December 31, 2023 of milestones related to the construction of the Company's dedicated manufacturing suite at BacThera AG, or Bacthera.
[2] Includes related party amount of $35,783 at December 31, 2023.