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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 207,392 $ 183,259
Prepaid expenses and other current assets 1,865 3,267
Total current assets 209,257 186,526
Property, plant and equipment, net 883 650
Operating lease right-of-use assets 2,557 1,914
Other long-term assets 805 341
Total assets 213,502 189,431
Current liabilities:    
Accounts payable (including related party amounts of $69 and $1,343, respectively) 5,758 5,150
Accrued clinical trial expenses 341 1,402
Accrued expenses (including related party amounts of $2,501 and $2,330, respectively) 13,783 11,405
Accrued interest 565 477
Operating lease liabilities, current 628 487
Total current liabilities 21,075 18,921
Long-term debt, net of discount 92,432 89,671
Revenue interest financing liability 98,103  
Operating lease liabilities 1,392 1,183
Other long-term liabilities 7,500 7,500
Total liabilities 220,502 117,275
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; authorized shares - 40,000,000; no shares issued and outstanding at June 30, 2022 and December 31, 2021
Common stock, $0.0001 par value; authorized shares - 400,000,000; issued shares - 39,072,046 and 31,656,035 at June 30, 2022 and December 31, 2021, respectively; outstanding shares - 38,372,403 and 30,511,226 at June 30, 2022 and December 31, 2021, respectively 3 3
Treasury stock - 19 and 1 at June 30, 2022 and December 31, 2021, respectively
Additional paid-in capital 613,952 601,523
Accumulated deficit (620,955) (529,370)
Total stockholders' equity (deficit) (7,000) 72,156
Total liabilities and stockholders’ equity $ 213,502 $ 189,431