Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 104,765 $ 167,467
Marketable securities 61,038 34,837
Unbilled receivable 1,765 1,694
Prepaid expenses and other current assets 6,076 7,394
Total current assets 173,644 211,392
Property and equipment, net 10,950 11,353
Other long-term assets 4,647 5,348
Restricted cash 3,086 3,086
Right-of-use asset – operating lease 12,986 13,231
Right-of-use assets – financing leases 10 76
Total assets 205,323 244,486
Current liabilities:    
Accounts payable 2,795 6,411
Accrued expenses 13,749 17,966
Deferred revenue, current portion 3,245 4,330
Financing lease obligations, current portion 12 65
Operating lease obligation, current portion 2,083 2,006
Debt, current portion 1,667  
Total current liabilities 23,551 30,778
Operating lease obligation, net of current portion 20,295 20,851
Warrant liabilities 15,607 24,472
Debt, net of debt discount, long term 39,117 40,649
Commitments and contingencies (See Note 10)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2023 and December 31, 2022; 0 shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.001 par value; 70,000,000 and 70,000,000 shares authorized at March 31, 2023 and December 31, 2022, respectively; 20,409,130 and 20,263,116 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 20 20
Additional paid-in capital 688,492 685,847
Accumulated other comprehensive loss 263 102
Accumulated deficit (582,022) (558,233)
Total stockholders' equity 106,753 127,736
Total liabilities and stockholders' equity $ 205,323 $ 244,486