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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 276,237 $ 381,393
Prepaid expenses and other current assets 15,497 13,194
Accounts receivable, net 10,877 1,637
Inventory 2,177 1,208
Total current assets 304,788 397,432
Property and equipment, net 1,813 2,146
Operating lease right-of-use assets 1,050 1,475
Restricted cash 2,863 2,863
Inventory, noncurrent 7,170 8,234
Other long-term assets 1,692 1,692
Total assets 319,376 413,842
Current liabilities:    
Accounts payable 7,656 12,601
Accrued expenses 27,298 17,197
Accrued interest 1,425 1,146
Operating lease liabilities, current 720 726
Current portion of revenue interest financing liability 9,910 7,111
Total current liabilities 47,009 38,781
Long-term debt, net of discount 174,423 137,842
Revenue interest financing liability 321,190 299,816
Operating lease liabilities 133 462
Other long-term liabilities 10,450 9,700
Total liabilities 553,205 486,601
Commitments and contingencies (Note 4)
Stockholders' deficit:    
Preferred stock, $0.0001 par value; authorized shares - 40,000,000 at June 30, 2024 and December 31, 2023; no shares issued and outstanding at June 30, 2024 and December 31, 2023
Common stock, $0.0001 par value; authorized shares - 400,000,000 at June 30, 2024 and December 31, 2023; issued and outstanding shares - 58,601,025 and 57,970,044 at June 30, 2024 and December 31, 2023, respectively 5 5
Treasury stock - 19 shares at June 30, 2024 and December 31, 2023 0 0
Additional paid-in capital 869,149 855,921
Accumulated deficit (1,102,983) (928,685)
Total stockholders' deficit (233,829) (72,759)
Total liabilities and stockholders' deficit $ 319,376 $ 413,842