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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Current assets:      
Cash and cash equivalents $ 72,111 $ 112,584  
Marketable securities 49,855 33,818  
Other receivables 1,620 2,280  
Tax incentive receivable, current 371 361  
Prepaid expenses and other current assets 8,747 8,829  
Total current assets 132,704 157,872  
Property and equipment, net 888 1,026  
Operating lease right of use assets 6,309 6,530  
Other assets 5,929 5,644  
Total assets 145,830 171,072  
Current liabilities:      
Accounts payable 4,780 1,101  
Liability related to the sale of future royalties, current 50,902 0  
Accrued expenses and other current liabilities 9,060 14,350  
Operating lease liabilities 1,369 1,362  
Deferred Revenue, Current 2,093 1,857  
Derivative liability, current 995 0  
Total current liabilities 69,199 18,670  
Non-current operating lease liabilities 5,726 5,973  
Liability related to the sale of future royalties, non-current 0 48,414  
Deferred revenue, non-current 8,304 8,786  
Derivative Liability, Noncurrent 0 802  
Other long-term liabilities 128 138  
Total liabilities 83,357 82,783  
Commitments and contingencies (Note 9)  
Stockholders' equity:      
Preferred stock, $0.001 par value; 10,000,000 shares authorized, 3,218,152 shares issued and outstanding as of March 31, 2022 and 3,218,152 shares issued and outstanding as of December 31, 2021 3 3  
Common stock, $0.001 par value; 120,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 32,755,559 shares issued and outstanding as of March 31, 2022 and 32,393,738 shares issued and outstanding as of December 31, 2021 33 32  
Additional paid-in capital 462,735 455,719  
Accumulated deficit (400,292) (367,463)  
Accumulated other comprehensive gain (loss) (6) (2)  
Total stockholders' equity 62,473 88,289 $ 118,846
Total liabilities and stockholders' equity $ 145,830 $ 171,072