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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash, cash equivalents and restricted cash $ 48,434 $ 46,013
Short-term investments 23,377 49,704
Accounts receivable 264 20
Prepaid expenses and other current assets 3,755 3,714
Total current assets 75,830 99,451
Property and equipment, net 14,373 15,585
Right-of-use assets, net 27,843 25,715
Intangible assets, net 4,837 5,020
Goodwill 4,508 4,508
Other long-term assets 2,460 3,568
Total assets 129,851 153,847
Current liabilities:    
Accounts payable 3,882 5,514
Deferred grant revenue 1,603 2,000
Other accrued current liabilities 6,977 8,084
Current portion of operating lease liability 2,344 2,228
Current portion of liability related to sale of future royalties 877 95
Total current liabilities 15,683 17,921
Operating lease liability, net of current portion 19,172 19,477
Liability related to sale of future royalties, net of current portion 4,997 5,621
Other long-term liabilities 246 231
Total liabilities 40,098 43,250
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock: $0.0001 par value; 250,000,000 shares authorized as of March 31, 2023 and December 31, 2022, respectively; 135,610,869 shares issued and 135,597,316 shares outstanding as of March 31, 2023 and 134,199,429 shares issued and outstanding as of December 31, 2022. 14 13
Additional paid-in capital 442,068 437,992
Treasury stock at cost, 13,553 shares and none as of March 31, 2023 and December 31, 2022, respectively (10) 0
Accumulated deficit (352,249) (327,109)
Accumulated other comprehensive loss (70) (299)
Total stockholders’ equity 89,753 110,597
Total liabilities and stockholders’ equity $ 129,851 $ 153,847