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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 33,334 $ 61,333
Accounts receivable 1,538 38,480
Short-term investments and related maturity receivables 316,400 374,894
Prepaid expenses and other current assets 12,902 27,367
Total current assets 364,174 502,074
Long-term investments 0 4,942
Property and equipment, net 101,707 110,020
Operating lease right-of-use assets 62,721 66,069
Restricted cash 15,177 15,227
Collaboration contract assets 0 7,196
Other assets 9 33
Total assets 543,788 705,561
Current liabilities:    
Accounts payable 5,706 8,265
Accrued expenses 28,540 53,932
CIRM award liability, current portion 0 4,000
Deferred revenue 1,110 42,226
Operating lease liabilities, current portion 5,977 5,628
Total current liabilities 41,333 114,051
Operating lease liabilities, net of current portion 98,977 103,710
Stock price appreciation milestones 701 3,861
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; authorized shares - 5,000,000 at September 30, 2023 and December 31, 2022; Class A Convertible Preferred shares issued and outstanding - 2,761,108 at September 30, 2023 and 2,794,549 December 31, 2022 3 3
Common stock, $0.001 par value; authorized shares - 250,000,000 at September 30, 2023 and December 31, 2022; issued and outstanding - 98,585,750 at September 30, 2023 and 97,294,917 at December 31, 2022 99 97
Additional paid-in capital 1,570,784 1,536,497
Accumulated other comprehensive loss (499) (1,854)
Accumulated deficit (1,167,610) (1,050,804)
Total stockholders’ equity 402,777 483,939
Total liabilities and stockholders’ equity $ 543,788 $ 705,561