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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 91,468 $ 143,745
Short-term investments 38,078 22,742
Accounts receivable 0 71
Prepaid expenses and other current assets 8,264 2,609
Total current assets 137,810 169,167
Long-term investments 1,940 16,210
Property and equipment, net 9,336 6,601
Right-of-use assets, net 12,433 13,168
Intangible assets, net 9,949 10,624
Goodwill 4,508 4,508
Other long-term assets 5,478 890
Total assets 181,454 221,168
Current liabilities:    
Accounts payable 5,007 3,872
Current portion of operating lease liability 1,110 1,011
Current portion of liability related to sale of future royalties 1,369 836
Other accrued liabilities 8,440 5,064
Total current liabilities 15,926 10,783
Operating lease liability, net of current portion 11,569 11,997
Liability related to sale of future royalties, net of current portion 10,664 10,686
Other long-term liabilities 201 171
Total liabilities 38,360 33,637
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Common stock: $0.0001 par value; 150,000,000 shares authorized; 126,446,036 and 125,594,393 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 13 13
Additional paid-in capital 417,372 406,943
Accumulated deficit (273,882) (219,351)
Accumulated other comprehensive loss (409) (74)
Total stockholders’ equity 143,094 187,531
Total liabilities and stockholders’ equity $ 181,454 $ 221,168