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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 22,035 $ 34,755
Short-term investments 36,676 4,958
Accounts receivable 591 3,008
Unbilled receivable from government contracts 3,085 0
Prepaid expenses and other current assets 4,069 2,815
Total current assets 66,456 45,536
Property and equipment, net 9,476 11,731
Prepaid clinical services, long-term 60,116 0
Right-of-use assets, net 21,536 24,840
Intangible assets, net 3,740 4,289
Goodwill 4,508 4,508
Other long-term assets 842 926
Total assets 166,674 91,830
Current liabilities:    
Accounts payable 2,524 1,584
Other accrued current liabilities 6,764 5,634
Current portion of operating lease liability 2,882 2,703
Current portion of liability related to sale of future royalties 2,747 3,803
Total current liabilities 80,364 13,724
Operating lease liability, net of current portion 15,319 17,385
Liability related to sale of future royalties, net of current portion 2,128 2,623
Other long-term liabilities 421 293
Total liabilities 98,232 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 September 30, 2024 and December 31, 2023 0 0
Common stock: $0.0001 par value; 350,000,000 shares authorized as of September 30, 2024 and 250,000,000 shares authorized as of December 31, 2023; 228,176,446 shares issued and 227,476,324 shares outstanding as of September 30, 2024 and 153,959,853 shares issued and 153,452,833 shares outstanding as of December 31, 2023 23 15
Additional paid-in capital 533,503 467,731
Treasury stock at cost, 700,122 shares as of September 30, 2024 and 507,020 shares as of December 31, 2023 (574) (366)
Accumulated deficit (464,537) (409,574)
Accumulated other comprehensive income (loss) 27 (1)
Total stockholders’ equity 68,442 57,805
Total liabilities and stockholders’ equity 166,674 91,830
Government Contract [Member]    
Current liabilities:    
Deferred government revenue $ 65,447 $ 0