v3.22.2.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 12,732 $ 7,663 [1]
Restricted cash 5,000 0 [1]
Short-term investments 3,194 38,967 [1]
Accounts receivable, net 512 160 [1]
Inventories, net 874 1,111 [1]
Prepaid expenses and other current assets 2,228 2,588 [1]
Total current assets 24,540 50,489 [1]
Operating lease right-of-use assets 3,814 4,302 [1]
Property and equipment, net 10,886 15,928 [1]
In-process research and development asset 8,819 0 [1]
Other assets 251 2,174 [1]
Restricted cash, net of current portion 0 5,000 [1]
Total assets 48,310 77,893 [1]
Current Liabilities:    
Accounts payable 2,003 2,121 [1]
Accrued and other liabilities 4,401 6,524 [1]
Long-term debt, current portion 7,886 8,796 [1]
Operating lease liabilities, current portion 1,360 1,068 [1]
Total current liabilities 15,650 18,509 [1]
Long-term debt, net of current portion 0 5,007 [1]
Deferred revenue, net of current portion 1,064 1,151 [1]
Operating lease liabilities, net of current portion 3,228 3,750 [1]
Liability related to the sale of future royalties 0 85,288 [1]
Other long-term liabilities 827 81 [1]
Total liabilities 20,769 113,786 [1]
Commitments and Contingencies (Note 10)
Series A Redeemable Convertible Preferred Stock, $0.001 par value—10,000,000 shares authorized, 3,000 and 0 issued and outstanding as of September 30, 2022 and December 31, 2021, respectively, with a liquidation preference of $330,000 315 0
Stockholders’ Equity (Deficit):    
Common stock, $0.001 par value—200,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 7,405,966 and 6,840,967 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 7 7 [1]
Additional paid-in capital 445,564 437,684 [1]
Accumulated deficit (418,345) (473,584) [1]
Total stockholders’ equity (deficit) 27,226 (35,893) [1]
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit) $ 48,310 $ 77,893
[1] The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited financial statements as of that date included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.