XML 21 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 235,358 $ 34,863
Marketable securities 0 20,848
Development receivables 1,646 375
Prepaid expenses and other current assets 2,882 6,172
Total current assets 239,886 62,258
Restricted cash 1,317 1,553
Property and equipment, net 0 3,220
Operating lease right-of-use assets 2,316 3,430
Other non-current assets 10 683
TOTAL ASSETS 243,529 71,144
CURRENT LIABILITIES    
Accounts payable 2,854 677
Forward contract liability 164,382 0
CVR liability 10,500 0
Operating lease liabilities 4,331 625
Deferred revenue 930 517
Accrued and other current liabilities 28,427 12,837
Related party accounts payable 20,810 0
Total current liabilities 232,234 14,656
Non-current CVR liability 19,000 0
Non-current operating lease liabilities 0 4,004
Deferred revenue, net of current portion 2,341 2,179
TOTAL LIABILITIES 253,575 20,839
Commitments and Contingencies
STOCKHOLDERS' (DEFICIT) EQUITY    
Preferred stock, $0.0001 par value; 8,913,659 shares and 10,000,000 authorized as of June 30, 2023 and December 31, 2022; no shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 81,001,676 shares and 65,350,343 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 6 6
Additional paid-in capital 453,741 475,971
Accumulated other comprehensive income (loss) 11 (48)
Accumulated deficit (661,127) (425,624)
TOTAL STOCKHOLDERS’ EQUITY (207,369) 50,305
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 243,529 71,144
Series A Non Voting Convertible Preferred Stock [Member]    
CURRENT LIABILITIES    
Series A non-voting convertible preferred stock, $0.0001 par value; 1,086,341 and no shares authorized as of June 30, 2023 and December 31, 2022, respectively; 721,452 and no shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively $ 197,323 $ 0