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BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 22,959 $ 69,547
Accounts receivable 0 4,248
Unbilled collaboration revenue 84 168
Inventory 2,584 1,022
Prepaid expenses and other assets 2,560 2,545
Total current assets 28,187 77,530
Property and equipment, net 651 1,052
Operating lease right-of-use asset 912 1,158
Finance lease right-of-use asset 2,639 1,405
Other non-current assets 538 452
Total assets 32,927 81,597
Current liabilities:    
Accounts payable 966 2,464
Accrued expenses and other current liabilities 18,899 13,860
Operating lease liability 315 324
Financing lease liability 846 376
Total current liabilities 21,026 17,024
Operating lease liability 665 910
Financing lease liability 1,982 1,026
Long term debt 43,305 42,874
Total liabilities 66,978 61,834
Commitments and Contingencies (Note 6)
Stockholders' (deficit) equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 200,000,000 authorized; 45,705,939 shares issued and 45,600,795 shares outstanding as of September 30, 2024 and 42,518,697 shares issued and 42,413,553 shares outstanding as of December 31, 2023 5 4
Treasury stock, at cost, 105,144 shares as of September 30, 2024 and December 31, 2023 0 0
Additional paid-in capital 256,769 250,207
Accumulated deficit (290,825) (230,448)
Total stockholders' (deficit) equity (34,051) 19,763
Total liabilities and stockholders' (deficit) equity $ 32,927 $ 81,597