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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 68,431,000 $ 34,195,000
Short-term investments 117,158,000 270,993,000
Lease incentive receivable 0 5,709,000
Prepaid expenses and other current assets 5,006,000 6,248,000
Total current assets 190,595,000 317,145,000
Operating lease right-of-use assets 78,934,000 86,000,000
Property and equipment, net 34,927,000 33,060,000
Restricted cash 2,503,000 2,503,000
Deferred rent receivable 0 769,000
Deposit and other non-current assets 1,413,000 250,000
Total assets 308,372,000 439,727,000
Current liabilities:    
Accounts payable 2,238,000 1,387,000
Accrued expenses and other current liabilities 16,767,000 18,047,000
Lease liability, current portion 13,241,000 1,886,000
Total current liabilities 32,246,000 21,320,000
Long-term liabilities:    
Lease liability, net of current portion 93,561,000 101,108,000
Other non-current liabilities 1,047,000 1,114,000
Total liabilities 126,854,000 123,542,000
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value, 300,000 shares authorized at December 31, 2022: 100,117 and 98,381 shares issued and outstanding at December 31, 2022 and 2021, respectively 10,000 10,000
Additional paid-in capital 985,651,000 964,965,000
Accumulated other comprehensive loss (1,531,000) (714,000)
Accumulated deficit (802,612,000) (648,076,000)
Total stockholders’ equity 181,518,000 316,185,000
Total liabilities and stockholders’ equity $ 308,372,000 $ 439,727,000