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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 298,887 $ 553,439
Short-term investment securities 15,876 51,987
Accounts receivable, net 1,389  
Prepaid research and development 11,929 5,231
Other current assets 2,884 1,083
Total current assets 330,965 611,740
Restricted cash 1,264 1,259
Long-term investment securities 35,533  
Right of use assets 8,629 9,312
Leasehold interest, net 1,839 2,051
Equipment, net 600 481
Goodwill 799 799
Total assets 379,629 625,642
Current liabilities:    
Accounts payable and accrued expenses 51,294 37,014
Other current liabilities 1,512 18,236
Loan payable - current portion 975 22,179
Lease liability - current portion 1,437 1,669
Accrued compensation 10,166 8,456
Total current liabilities 65,384 87,554
Deferred revenue, net of current portion 457 610
Loan payable - non-current 66,788 7,716
Lease liability - non-current 9,847 10,412
Total liabilities 142,476 106,292
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value per share (175,000,000 shares authorized, 143,292,043 and 140,617,606 shares issued, 143,250,734 and 140,576,297 shares outstanding at December 31, 2021 and December 31, 2020, respectively) 143 141
Additional paid-in capital 1,565,942 1,500,040
Treasury stock, at cost, 41,309 shares at December 31, 2021 and December 31, 2020 (234) (234)
Accumulated deficit (1,328,698) (980,597)
Total stockholders' equity 237,153 519,350
Total liabilities and stockholders' equity $ 379,629 $ 625,642