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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 248,847 $ 155,385
Prepaid expenses and other current assets 8,760 5,127
Inventory 111  
Total current assets 257,718 160,512
Property, plant and equipment, net 1,158 1,207
Operating lease right-of-use assets 1,886 2,287
Restricted cash 528 505
Other long-term assets 3,749 299
Total assets 265,039 164,810
Current liabilities:    
Accounts payable (including related party amounts of $27 and $35, respectively) 4,174 9,997
Accrued expenses (including related party amounts of $2,786 and $2,499, respectively) 15,451 14,678
Accrued interest 927 854
Operating lease liabilities, current 717 708
Current portion of revenue interest financing liability 276  
Total current liabilities 21,545 26,237
Long-term debt, net of discount 97,806 95,264
Revenue interest financing liability 119,799 109,525
Operating lease liabilities 789 1,098
Other long-term liabilities 7,500 7,500
Total liabilities 247,439 239,624
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; authorized shares - 40,000,000 at June 30, 2023 and December 31, 2022; no shares issued and outstanding at June 30, 2023 and December 31, 2022
Common stock, $0.0001 par value; authorized shares - 400,000,000 at June 30, 2023 and December 31, 2022; issued shares -56,639,085 and 41,723,308 at June 30, 2023 and December 31, 2022, respectively; outstanding shares -56,639,085 and 41,468,871 at June 30, 2023 and December 31, 2022, respectively 5 3
Treasury stock -19 shares at June 30, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 823,467 652,276
Accumulated deficit (805,872) (727,093)
Total stockholders' equity (deficit) 17,600 (74,814)
Total liabilities and stockholders’ equity $ 265,039 $ 164,810