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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues     $ 16,146  
Costs and operating expenses:        
Cost of revenues     475  
Research and development $ 13,953 $ 11,391 26,982 $ 23,292
General and administrative 6,079 6,730 14,326 15,783
Total costs and operating expenses 20,032 18,121 41,783 39,075
Loss from operations (20,032) (18,121) (25,637) (39,075)
Other income, net:        
Interest and investment income 2,023 1,656 3,573 3,329
Sublease income 708 564 1,507 602
Total other income, net 2,731 2,220 5,080 3,931
Net loss $ (17,301) $ (15,901) $ (20,557) $ (35,144)
Net loss per common share - basic $ (0.29) $ (0.41) $ (0.37) $ (0.95)
Net loss per common share - diluted $ (0.29) $ (0.41) $ (0.37) $ (0.95)
Weighted average shares of common stock outstanding - basic 60,495,675 38,389,123 55,892,479 36,878,787
Weighted average shares of common stock outstanding - diluted 60,495,675 38,389,123 55,892,479 36,878,787
Other comprehensive loss:        
Net unrealized loss on marketable debt securities $ (42) $ (781) $ (165) $ (85)
Other comprehensive loss (42) (781) (165) (85)
Comprehensive loss $ (17,343) $ (16,682) (20,722) $ (35,229)
Royalty Revenues        
Revenues     8,146  
Sale of Royalty Rights        
Revenues     $ 8,000