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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 381,393 $ 155,385
Prepaid expenses and other current assets 13,194 5,127
Accounts receivable, net 1,637 0
Inventory 1,208 0
Total current assets 397,432 160,512
Property, plant and equipment, net 2,146 1,207
Operating lease right-of-use assets 1,475 2,287
Restricted cash 2,863 505
Inventory, noncurrent 8,234 0
Other long-term assets 1,692 299
Total assets 413,842 164,810
Current liabilities:    
Accounts payable (including related party amounts of $25 and $35 respectively) 12,601 9,997
Accrued expenses (including related party amountsof $2,694 and $2,499 respectively) 17,197 14,678
Accrued interest 1,146 854
Operating lease liabilities, current 726 708
Current portion of revenue interest financing liability 7,111 0
Total current liabilities 38,781 26,237
Long-term debt, net of discount 137,842 95,264
Revenue interest financing liability 299,816 109,525
Operating lease liabilities 462 1,098
Other long-term liabilities 9,700 7,500
Total liabilities 486,601 239,624
Commitments and contingencies (Note 4)
Stockholders' deficit:    
Preferred stock, $0.0001 par value; authorized shares - 40,000,000 at December 31, 2023 and December 2022; no shares issued and outstanding at December 31, 2023 and December 2022
Common stock, $0.0001 par value; authorized shares - 400,000,000 at December 31, 2023 and December 2022; issued shares - 57,970,044 and 41,723,308 at December 31, 2023 and December 2022, respectively; outstanding shares - 57,970,044 and 41,468,871 at December 31, 2023 and December 2022, respectively 5 3
Treasury stock - 19 shares at December 31, 2023 and December 2022 respectively 0 0
Additional paid-in capital 855,921 652,276
Accumulated deficit (928,685) (727,093)
Total stockholders' deficit (72,759) (74,814)
Total liabilities and stockholders' deficit $ 413,842 $ 164,810