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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 45,078 $ 135,704
Restricted cash 70 70
Short-term investments 49,458  
Other current assets 4,964 5,310
Total current assets 99,570 141,084
Operating lease right-of-use assets 5,813 6,559
Property and equipment, net 2,797 3,259
Other assets 631 625
Total assets 108,811 151,527
Current liabilities:    
Accounts payable 6,819 2,517
Accrued liabilities 12,064 16,842
Operating lease liabilities, current 3,351 3,229
Finance lease liabilities, current 4 10
Deferred revenue from customers, current 1,326 1,224
Deferred revenue from collaborations, current   84
Total current liabilities 23,564 23,906
Operating lease liabilities, net of current portion 6,279 7,668
Finance lease liabilities, net of current portion 203 231
Warrant liability 11,490 27,596
Long term liability 46 46
Total liabilities 41,582 59,447
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively.
Common stock, $0.0001 par value; 520,000,000 shares and 320,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 79,785,898 and 75,096,906 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively. 8 7
Additional paid-in capital 583,326 578,325
Accumulated deficit (516,599) (486,797)
Accumulated other comprehensive income 494 545
Total stockholders’ equity 67,229 92,080
Total liabilities and stockholders’ equity $ 108,811 $ 151,527