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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 129,574 $ 155,385
Prepaid expenses and other current assets 10,269 5,127
Total current assets 139,843 160,512
Property, plant and equipment, net 1,275 1,207
Operating lease right-of-use assets 2,088 2,287
Restricted cash 505 505
Other long-term assets 299 299
Total assets 144,010 164,810
Current liabilities:    
Accounts payable (including related party amounts of $78 and $35, respectively) 4,805 9,997
Accrued expenses (including related party amounts of $2,608 and $2,499, respectively) 8,015 14,678
Accrued interest 911 854
Operating lease liabilities, current 712 708
Total current liabilities 14,443 26,237
Long-term debt, net of discount 96,638 95,264
Revenue interest financing liability 114,679 109,525
Operating lease liabilities 945 1,098
Other long-term liabilities 7,500 7,500
Total liabilities 234,205 239,624
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; authorized shares - 40,000,000 at March 31, 2023 and December 31, 2022; no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.0001 par value; authorized shares - 400,000,000 at March 31, 2023 and December 31, 2022; issued shares - 43,602,984 and 41,723,308 at March 31, 2023 and December 31, 2022, respectively; outstanding shares - 43,571,140 and 41,468,871 at March 31, 2023 and December 31, 2022, respectively 4 3
Treasury stock - 19 shares at March 31, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 674,708 652,276
Accumulated deficit (764,907) (727,093)
Total stockholders' (deficit) equity (90,195) (74,814)
Total liabilities and stockholders’ equity $ 144,010 $ 164,810