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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating expenses:        
Research and development $ 28,922 $ 14,034 $ 49,650 $ 29,913
General and administrative 8,948 6,400 16,411 11,005
Total operating expenses 37,870 20,434 66,061 40,918
Loss from operations (37,870) (20,434) (66,061) (40,918)
Other income (expense):        
Interest income 841 776 1,798 1,214
Investment advisory fees (215) (176) (384) (284)
Change in fair value of warrant liability 3,080 500 9,404 207
Realized (loss) gain on marketable securities (694) 1 (908) 46
Total other (expense) income, net 3,012 1,101 9,910 1,183
Loss before income taxes (34,858) (19,333) (56,151) (39,735)
Provision for income taxes 0 0 0 0
Net loss $ (34,858) $ (19,333) $ (56,151) $ (39,735)
Net loss per share attributable to common stockholders, basic $ (0.16) $ (0.09) $ (0.26) $ (0.21)
Net loss per share attributable to common stockholders, diluted $ (0.16) $ (0.09) $ (0.26) $ (0.21)
Weighted Average Number of Shares Outstanding, Basic 216,603 204,017 215,016 186,933
Weighted Average Number of Shares Outstanding, Diluted 216,603 204,017 215,016 186,933
Comprehensive loss:        
Net loss $ (34,858) $ (19,333) $ (56,151) $ (39,735)
Other comprehensive income, net of taxes:        
Change in Unrealized loss on available-for-sale securities (761) (224) (5,793) (800)
Comprehensive loss $ (35,619) $ (19,557) $ (61,944) $ (40,535)