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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating expenses:        
Research and development expense $ 17,170 $ 3,205 $ 37,241 $ 35,979
General and administrative 8,556 2,736 19,874 5,691
Total operating expenses 25,726 5,941 57,115 41,670
Loss from operations (25,726) (5,941) (57,115) (41,670)
Other income (expense):        
Interest income 164 6 173 10
Service fee income from related party   181   181
Change in fair value of derivative liability   (2,161)   (3,261)
Total other income (expense) 164 (1,974) 173 (3,070)
Loss from equity method investment in joint venture   (231)   (231)
Net loss and comprehensive loss $ (25,562) $ (8,146) $ (56,942) $ (44,971)
Net loss per common share - basic $ (0.79) $ (5.54) $ (1.76) $ (31.86)
Net loss per common share - diluted $ (0.79) $ (5.54) $ (1.76) $ (31.86)
Weighted average shares of common stock outstanding - basic 32,451,610 1,471,447 32,384,522 1,411,428
Weighted average shares of common stock outstanding - diluted 32,451,610 1,471,447 32,384,522 1,411,428