Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 2,833 $ 6,276 $ 5,787 $ 11,743
Operating expenses:        
Research and development 29,608 33,100 58,369 58,271
General and administrative 7,225 6,945 14,630 13,894
Total operating expenses 36,833 40,045 72,999 72,165
Loss from operations (34,000) (33,769) (67,212) (60,422)
Interest income 2,125 112 3,900 147
Interest expense (1,278) (981) (2,495) (1,956)
Change in fair value of warrant liabilities (3,105) 157 5,760 2,604
Net loss applicable to common stockholders $ (36,258) $ (34,481) $ (60,047) $ (59,627)
Net loss per share applicable to common stockholders - basic $ (1.3) $ (5.40) $ (2.15) $ (9.4)
Net loss per share applicable to common stockholders - diluted $ (1.3) $ (5.40) $ (2.15) $ (9.4)
Weighted-average number of common shares used in net loss per share applicable to common stockholders - basic 27,913,448 6,382,378 27,878,030 6,344,191
Weighted-average number of common shares used in net loss per share applicable to common stockholders - diluted 27,913,448 6,382,378 27,878,030 6,344,191