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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 63,527 $ 76,333
Collaboration receivable, current - related party 50,761 49,152
Other receivables 4,734 1,545
Prepaid expenses and other current assets 3,196 4,178
Total current assets 122,218 131,208
Property and equipment, net 0 2
Operating lease right of use assets 3,644 4,155
Collaboration receivable, non-current - related party 23,585 46,590
Other assets 434 435
Total assets 149,881 182,390
Current liabilities:    
Accounts payable 2,696 1,378
Accrued expenses and other current liabilities 10,011 6,557
Operating lease liabilities 1,732 1,718
Income taxes payable 387 387
Deferred revenue, current 3,663 2,132
Deferred revenue, current - related party 27,144 24,981
Total current liabilities 45,633 37,153
Non-current operating lease liabilities 3,206 3,825
Deferred revenue, non-current 9,040 10,825
Deferred revenue, non-current - related party 11,477 23,606
Other long-term liabilities 25 87
Total liabilities 69,381 75,496
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 June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 54,009,139 shares issued and outstanding as of June 30, 2024 and 52,999,680 shares issued and outstanding as of December 31, 2023 54 53
Additional paid-in capital 502,049 497,913
Accumulated deficit (421,603) (391,072)
Total stockholders' equity 80,500 106,894
Total liabilities and stockholders' equity $ 149,881 $ 182,390