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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 50,768 $ 143,745
Short-term investments 63,999 22,742
Accounts receivable 0 71
Prepaid expenses and other current assets 5,613 2,609
Total current assets 120,380 169,167
Long-term investments 0 16,210
Property and equipment, net 12,280 6,601
Right-of-use assets, net 26,607 13,168
Intangible assets, net 9,611 10,624
Goodwill 4,508 4,508
Other long-term assets 1,923 890
Total assets 175,309 221,168
Current liabilities:    
Accounts payable 7,916 3,872
Current portion of operating lease liability 2,149 1,011
Current portion of liability related to sale of future royalties 1,331 836
Other accrued liabilities 10,344 5,064
Total current liabilities 21,740 10,783
Operating lease liability, net of current portion 20,019 11,997
Liability related to sale of future royalties, net of current portion 11,027 10,686
Other long-term liabilities 216 171
Total liabilities 53,002 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 September 30, 2022 and December 31, 2021 0 0
Common stock: $0.0001 par value; 250,000,000 shares authorized; 128,331,408 and 125,594,393 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 13 13
Additional paid-in capital 426,003 406,943
Accumulated deficit (303,191) (219,351)
Accumulated other comprehensive loss (518) (74)
Total stockholders’ equity 122,307 187,531
Total liabilities and stockholders’ equity $ 175,309 $ 221,168