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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 33,767 $ 96,140
Short-term investments 131,313 27,769
Accounts receivable 43,263 7,733
Inventory 8,524 3,282
Prepaid commercial manufacturing 17,176 13,567
Prepaid expenses and other current assets 7,173 5,112
Total current assets 241,216 153,603
Inventory, non-current 38,974 25,064
Right-of-use assets 6,523 9,295
Property and equipment, net 1,116 1,223
Other assets 1,550 881
Total assets 289,379 190,066
Current liabilities:    
Accounts payable 7,736 10,859
Accrued compensation and benefits 8,357 7,548
Current portion of long-term debt 0 26,711
Current portion of operating lease liability 4,321 3,894
Deferred revenue 4,072 4,211
Accrued expenses and other current liabilities 19,043 12,380
Total current liabilities 43,529 65,603
Operating lease liability, net of current portion 2,887 5,855
Long-term debt, net of current portion 27,229 0
Deferred revenue, non-current 10,290 9,025
Deferred royalty obligation related to the sale of future royalties 14,113 11,254
Other liabilities, non-current 170 0
Total liabilities 98,218 91,737
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively. 0 0
Common stock, $0.0001 par value; 500,000,000 shares and 300,000,000 shares authorized; 232,133,132 and 198,575,016 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively. 23 20
Additional paid-in capital 1,008,741 878,500
Accumulated deficit (817,402) (780,137)
Accumulated other comprehensive loss (201) (54)
Total stockholders’ equity 191,161 98,329
Total liabilities and stockholders’ equity $ 289,379 $ 190,066