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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash, cash equivalents and restricted cash $ 33,238,000 $ 46,013,000
Short-term investments 19,799,000 49,704,000
Accounts receivable 424,000 20,000
Prepaid expenses and other current assets 3,639,000 3,714,000
Total current assets 57,100,000 99,451,000
Property and equipment, net 12,926,000 15,585,000
Right-of-use assets, net 25,753,000 25,715,000
Intangible assets, net 4,472,000 5,020,000
Goodwill 4,508,000 4,508,000
Other long-term assets 883,000 3,568,000
Total assets 105,642,000 153,847,000
Current liabilities:    
Accounts payable 1,339,000 5,514,000
Deferred grant revenue 79,000 2,000,000
Other accrued current liabilities 5,991,000 8,084,000
Current portion of operating lease liability 2,517,000 2,228,000
Current portion of liability related to sale of future royalties 1,342,000 95,000
Total current liabilities 11,268,000 17,921,000
Operating lease liability, net of current portion 17,942,000 19,477,000
Liability related to sale of future royalties, net of current portion 4,633,000 5,621,000
Other long-term liabilities 278,000 231,000
Total liabilities 34,121,000 43,250,000
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, 2023 and December 31, 2022 0 0
Common stock: $0.0001 par value; 250,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 152,081,196 shares issued and 152,037,358 shares outstanding as of September 30, 2023 and 134,199,429 shares issued and outstanding as of December 31, 2022 15,000 13,000
Additional paid-in capital 463,755,000 437,992,000
Treasury stock at cost, 43,838 shares as of September 30, 2023 and none as of December 31, 2022, respectively (39,000) 0
Accumulated deficit (392,199,000) (327,109,000)
Accumulated other comprehensive loss (11,000) (299,000)
Total stockholders’ equity 71,521,000 110,597,000
Total liabilities and stockholders’ equity $ 105,642,000 $ 153,847,000