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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 96,494 $ 22,465
Short-term investments 259,104 147,561
Accounts receivable, net 1,526 1,010
Inventory 514 381
Prepaid expenses and other current assets 7,009 5,130
Total current assets 364,647 176,547
Property and equipment, net of accumulated depreciation and amortization of $4,682 and $4,538, respectively 1,843 1,987
Goodwill 44,543 44,543
Operating lease right-of-use-assets 5,358 5,524
Other assets 828 828
Total assets 417,219 229,429
Current liabilities:    
Accounts payable 8,067 14,389
Accrued liabilities 15,332 17,157
Total current liabilities 23,399 31,546
Long-term debt, net 99,874 99,508
Long-term operating lease liabilities 5,079 5,265
Total liabilities 128,352 136,319
Commitments and contingencies (Note 6)
Stockholders’ Equity:    
Series A Convertible preferred stock, 2,304,147 and no shares issued, respectively 23 0
Common stock, $0.001 par value; 300,000,000 shares authorized; 247,764,761 and 245,792,668 shares issued, respectively 248 245
Additional paid-in capital 2,108,497 1,862,558
Accumulated deficit (1,815,236) (1,766,839)
Accumulated other comprehensive income/(loss) (50) 31
Treasury stock, at cost, 1,528,008 and 867,973 shares, respectively (4,615) (2,885)
Total stockholders’ equity 288,867 93,110
Total liabilities and stockholders’ equity $ 417,219 $ 229,429