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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating expenses:        
Research and development $ 21,294 $ 17,122 $ 70,944 $ 47,035
General and administrative 8,044 5,669 24,455 16,674
Total operating expenses 29,338 22,791 95,399 63,709
Loss from operations (29,338) (22,791) (95,399) (63,709)
Other income (expense):        
Interest income 2,127 847 3,925 2,061
Investment advisory fees (263) (170) (647) (454)
Change in fair value of warrant liability 462 125 9,866 332
Realized (loss) gain on marketable securities (191) 10 (1,099) 56
Total other (expense) income, net 2,135 812 12,045 1,995
Loss before income taxes (27,203) (21,979) (83,354) (61,714)
Provision for income taxes 0 0 0 0
Net loss $ (27,203) $ (21,979) $ (83,354) $ (61,714)
Net loss per share attributable to common stockholders, basic $ (0.12) $ (0.11) $ (0.39) $ (0.32)
Net loss per share attributable to common stockholders, diluted $ (0.12) $ (0.11) $ (0.39) $ (0.32)
Weighted Average Number of Shares Outstanding, Basic 218,300 207,101 216,123 193,730
Weighted Average Number of Shares Outstanding, Diluted 218,300 207,101 216,123 193,730
Comprehensive loss:        
Net loss $ (27,203) $ (21,979) $ (83,354) $ (61,714)
Other comprehensive income, net of taxes:        
Change in unrealized loss on available-for-sale securities (1,139) (369) (6,932) (1,169)
Comprehensive loss $ (28,342) $ (22,348) $ (90,286) $ (62,883)