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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 26,735 $ 34,755
Short-term investments 9,929 4,958
Accounts receivable 556 3,008
Prepaid expenses and other current assets 7,064 2,815
Total current assets 44,284 45,536
Property and equipment, net 11,102 11,731
Right-of-use assets, net 23,753 24,840
Intangible assets, net 4,106 4,289
Goodwill 4,508 4,508
Other long-term assets 917 926
Total assets 88,670 91,830
Current liabilities:    
Accounts payable 3,978 1,584
Other accrued current liabilities 4,980 5,634
Current portion of operating lease liability 2,799 2,703
Current portion of liability related to sale of future royalties 2,360 3,803
Total current liabilities 14,117 13,724
Operating lease liability, net of current portion 16,691 17,385
Liability related to sale of future royalties, net of current portion 1,863 2,623
Other long-term liabilities 309 293
Total liabilities 32,980 34,025
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock: $0.0001 par value; 250,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 177,187,965 shares issued and 176,523,042 shares outstanding as of March 31, 2024 and 153,959,853 shares issued and 153,452,833 shares outstanding as of December 31, 2023 18 15
Additional paid-in capital 490,221 467,731
Treasury stock at cost, 664,923 shares as of March 31, 2024 and 507,020 shares as of December 31, 2023 (548) (366)
Accumulated deficit (433,991) (409,574)
Accumulated other comprehensive loss (10) (1)
Total stockholders’ equity 55,690 57,805
Total liabilities and stockholders’ equity $ 88,670 $ 91,830