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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 82,271 $ 76,333
Collaboration receivable, current - related party 49,198 49,152
Other receivables 5,017 1,545
Prepaid expenses and other current assets 3,668 4,178
Total current assets 140,154 131,208
Property and equipment, net 2 2
Operating lease right of use assets 3,902 4,155
Collaboration receivable, non-current - related party 23,211 46,590
Other assets 434 435
Total assets 167,703 182,390
Current liabilities:    
Accounts payable 3,066 1,378
Accrued expenses and other current liabilities 5,380 6,557
Operating lease liabilities 1,725 1,718
Income taxes payable 387 387
Deferred revenue, current 2,868 2,132
Deferred revenue, current - related party 28,395 24,981
Total current liabilities 41,821 37,153
Non-current operating lease liabilities 3,519 3,825
Deferred revenue, non-current 9,948 10,825
Deferred revenue, non-current - related party 16,128 23,606
Other long-term liabilities 38 87
Total liabilities 71,454 75,496
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 53,869,139 shares issued and outstanding as of March 31, 2024 and 52,999,680 shares issued and outstanding as of December 31, 2023 54 53
Additional paid-in capital 499,936 497,913
Accumulated deficit (403,741) (391,072)
Total stockholders' equity 96,249 106,894
Total liabilities and stockholders' equity $ 167,703 $ 182,390