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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 61,628 $ 72,428
Short-term investments 28,995 44,261
Accounts receivable 5,208 502
Inventory 1,250 0
Prepaid commercial manufacturing 16,145 9,406
Prepaid expenses and other current assets 6,649 7,052
Total current assets 119,875 133,649
Right-of-use assets 10,182 12,752
Property and equipment, net 1,294 2,362
Other assets 13,321 1,150
Total assets 144,672 149,913
Current liabilities:    
Accounts payable 3,113 4,277
Accrued compensation and benefits 7,165 5,422
Current portion of long-term debt 26,541 32,264
Current portion of operating lease liability 3,791 3,492
Deferred revenue 4,003 0
Accrued expenses and other current liabilities 7,338 7,366
Total current liabilities 51,951 52,821
Operating lease liability, net of current portion 6,878 9,748
Deferred revenue, non-current 8,560 4,727
Deferred royalty obligation related to the sale of future royalties 10,422 0
Total liabilities 77,811 67,296
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively. 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized; 187,399,645 and 130,182,535 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively. 19 13
Additional paid-in capital 857,788 795,540
Accumulated deficit (790,832) (712,930)
Accumulated other comprehensive loss (114) (6)
Total stockholders’ equity 66,861 82,617
Total liabilities and stockholders’ equity $ 144,672 $ 149,913