v3.24.1.1.u2
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 322,229 $ 381,393
Prepaid expenses and other current assets 12,748 13,194
Accounts receivable, net 3,879 1,637
Inventory 1,458 1,208
Total current assets 340,314 397,432
Property, plant and equipment, net 1,962 2,146
Operating lease right-of-use assets 1,264 1,475
Restricted cash 2,867 2,863
Inventory, noncurrent 8,400 8,234
Other long-term assets 1,692 1,692
Total assets 356,499 413,842
Current liabilities:    
Accounts payable (including related party amounts of $33 and $25, respectively) 8,403 12,601
Accrued expenses (including related party amounts of $3,169 and $2,694, respectively) 16,541 17,197
Accrued interest 1,307 1,146
Operating lease liabilities, current 730 726
Current portion of revenue interest financing liability 16,478 7,111
Total current liabilities 43,459 38,781
Long-term debt, net of discount 149,023 137,842
Revenue interest financing liability 302,528 299,816
Operating lease liabilities 292 462
Other long-term liabilities 9,700 9,700
Total liabilities 505,002 486,601
Commitments and contingencies (Note 4)
Stockholders' deficit:    
Preferred stock, $0.0001 par value; authorized shares - 40,000,000 at March 31, 2024 and December 31, 2023; no shares issued and outstanding at March 31, 2024 and December 31, 2023
Common stock, $0.0001 par value; authorized shares - 400,000,000 at March 31, 2024 and December 31, 2023; issued and outstanding shares - 58,524,101 and 57,970,044 at March 31, 2024 and December 31, 2023, respectively 5 5
Treasury stock -19 shares at March 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 863,029 855,921
Accumulated deficit (1,011,537) (928,685)
Total stockholders' deficit (148,503) (72,759)
Total liabilities and stockholders' deficit $ 356,499 $ 413,842