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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 50,446 $ 112,584
Marketable securities 0 33,818
Other receivables 914 2,280
Tax incentive receivable, current 39 361
Prepaid expenses and other current assets 1,488 8,829
Total current assets 52,887 157,872
Property and equipment, net 494 1,026
Operating lease right of use assets 5,356 6,530
Other assets 5,739 5,644
Total assets 64,476 171,072
Current liabilities:    
Accounts payable 2,582 1,101
Accrued expenses and other current liabilities 8,093 14,350
Operating lease liabilities 1,683 1,362
Deferred Revenue, Current 3,726 1,857
Derivative liability, current 141 0
Total current liabilities 16,225 18,670
Liability related to the sale of future royalties, non-current 0 48,414
Non-current operating lease liabilities 5,218 5,973
Deferred revenue, non-current 10,442 8,786
Derivative Liability, Noncurrent 0 802
Other long-term liabilities 107 138
Total liabilities 31,992 82,783
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of September 30, 2022 and 3,218,152 shares issued and outstanding as of December 31, 2021 0 3
Common stock, $0.001 par value; 120,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 42,856,623 shares issued and outstanding as of September 30, 2022 and 32,393,738 shares issued and outstanding as of December 31, 2021 43 32
Additional paid-in capital 473,090 455,719
Accumulated deficit (440,649) (367,463)
Accumulated other comprehensive gain (loss) 0 (2)
Total stockholders' equity 32,484 88,289
Total liabilities and stockholders' equity $ 64,476 $ 171,072