XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 15,860 $ 35,926
Total current assets 44,339 71,200
Restricted cash 3,546 3,522
GeneFab receivable - related party, net of current portion 0 1,119
Property and equipment, net 23,253 25,338
Operating lease right-of-use assets 15,301 16,274
GeneFab Economic Share - related party 398 1,816
Other long-term assets 76 215
Total assets 86,913 119,484
Liabilities and Stockholders’ Equity    
Accounts payable 1,181 1,250
Finance lease liabilities - related party, current portion 101 97
Early exercise liability, current portion 78 135
GeneFab sublease deferred income - related party 798 989
Accrued expenses and other current liabilities 2,561 5,927
Operating lease liabilities 4,329 4,031
Contingent earnout liability 20 0
Current liabilities of discontinued operations 0 243
Total current liabilities 9,068 12,672
Operating lease liabilities, net of current portion 31,311 33,538
GeneFab Option - related party 2,386 6,331
Contingent earnout liability, net of current portion 0 20
Early exercise liability, net of current portion 0 10
Total liabilities 42,765 52,571
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at June 30, 2024 and December 31, 2023; zero shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized at June 30, 2024 and December 31, 2023; 4,572,432 and 4,569,900 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 1 1
Additional paid-in capital 311,805 311,256
Accumulated deficit (267,658) (244,344)
Total stockholders’ equity 44,148 66,913
Total liabilities and stockholders’ equity 86,913 119,484
Nonrelated Party    
Assets    
Accounts receivable 39 112
Prepaid expenses and other current assets 2,153 2,783
Related Party    
Assets    
Accounts receivable 18,624 17,592
Prepaid expenses and other current assets $ 7,663 $ 14,787