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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash, cash equivalents and restricted cash $ 34,755 $ 46,013
Short-term investments 4,958 49,704
Accounts receivable 3,008 20
Prepaid expenses and other current assets 2,815 3,714
Total current assets 45,536 99,451
Property and equipment, net 11,731 15,585
Right-of-use assets, net 24,840 25,715
Intangible assets, net 4,289 5,020
Goodwill 4,508 4,508
Other long-term assets 926 3,568
Total assets 91,830 153,847
Current liabilities:    
Accounts payable 1,584 5,514
Deferred grant revenue 0 2,000
Other accrued current liabilities 5,634 8,084
Current portion of operating lease liability 2,703 2,228
Current portion of liability related to sale of future royalties 3,803 95
Total current liabilities 13,724 17,921
Operating lease liability, net of current portion 17,385 19,477
Liability related to sale of future royalties, net of current portion 2,623 5,621
Other long-term liabilities 293 231
Total liabilities 34,025 43,250
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred Stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of December 31, 2023 or 2022 0 0
Common Stock: $0.0001 par value; 250,000,000 shares authorized as of December 31, 2023 and 2022; 153,959,853 shares issued and 153,452,833 shares outstanding as of December 31, 2023 and 134,199,429 shares issued and outstanding as of December 31, 2022 15 13
Additional paid-in capital 467,731 437,992
Treasury Stock at cost, 507,020 shares and none as of December 31, 2023 and 2022, respectively (366) 0
Accumulated deficit (409,574) (327,109)
Accumulated other comprehensive loss (1) (299)
Total stockholders’ equity 57,805 110,597
Total liabilities and stockholders’ equity $ 91,830 $ 153,847