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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 120,572 $ 240,551
Short-term investments 29,716  
Accounts receivable, net 3,799 6,348
Inventory 2,413 77
Prepaid expenses and other current assets 8,746 5,402
Total current assets 165,246 252,378
Property and equipment, net 3,843 4,236
Other assets 1,819 2,904
Total assets 170,908 259,518
Current liabilities:    
Accounts payable 4,003 4,461
Current portion of notes payable 11,551  
Current portion of revenue interest financing payable 2,211 1,020
Accrued expenses 22,859 19,536
Total current liabilities 40,624 25,017
Notes payable, net of deferred financing costs 61,423 71,018
Revenue interest financing payable, net of deferred financing costs 33,766 29,857
Contract liabilities, net 17,545 16,285
Other long-term liabilities 785 1,341
Total liabilities 154,143 143,518
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 25,000,000 shares authorized, no shares issued and outstanding at December 31, 2023; 4,300 shares issued and outstanding at December 31, 2022   4,043
Common stock, $0.001 par value; 150,000,000 shares authorized, 54,585,428 issued and 54,578,121 outstanding at December 31, 2023 and 49,650,074 issued and 49,642,767 outstanding at December 31, 2022 55 50
Additional paid-in capital 588,656 542,428
Treasury stock at cost, 7,307 shares at December 31, 2023 and December 31, 2022
Accumulated other comprehensive loss (20)  
Accumulated deficit (571,926) (430,521)
Total stockholders' equity 16,765 116,000
Total liabilities and stockholders' equity $ 170,908 $ 259,518