Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 82,978 $ 108,910
Restricted cash - current 396
Prepaid expenses and other current assets 2,618 1,636
Total Current Assets 85,596 110,942
Property and equipment, net of accumulated depreciation of $643 and $487 601 604
Restricted cash – long term 310 302
Operating leases right-of-use assets 2,436 2,341
Finance leases right-of-use assets 1 3
Total Assets 88,944 114,192
Current Liabilities:    
Accounts payable and accrued expenses 8,150 10,130
Operating leases current liability 521 494
Finance leases current liability 1 4
Total Current Liabilities 8,672 10,628
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 1,689 2,083
Total Liabilities 45,361 47,711
Commitments and contingencies
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 27,413,441 and 25,674,823 shares issued and outstanding, respectively 27 26
Additional paid-in capital 371,815 355,220
Accumulated deficit (328,259) (288,765)
Total Stockholders’ Equity 43,583 66,481
Total Liabilities and Stockholders’ Equity $ 88,944 $ 114,192