CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Dec. 31, 2021 |
Dec. 31, 2020 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 76,938
|
$ 88,915
|
| Prepaid manufacturing services |
7,315
|
101
|
| Prepaid expenses and other current assets |
5,918
|
4,742
|
| Total current assets |
90,171
|
93,758
|
| Property and equipment, net |
23,479
|
31,410
|
| Restricted cash |
4,170
|
4,170
|
| Operating right-of-use assets |
21,957
|
22,003
|
| Prepaid manufacturing services, net of current portion |
31,893
|
|
| Total assets |
171,670
|
151,341
|
| Current liabilities: |
|
|
| Accounts payable |
1,838
|
2,018
|
| Accrued expenses |
9,703
|
8,870
|
| Deferred revenue |
12,963
|
5,281
|
| Operating lease liabilities |
2,661
|
1,482
|
| Total current liabilities |
27,165
|
17,651
|
| Long-term liabilities: |
|
|
| Deferred revenue, net of current portion |
30,686
|
57,416
|
| Note payable, net of discount |
25,430
|
24,960
|
| Operating lease liabilities, net of current portion |
34,884
|
36,540
|
| Other long-term liabilities |
|
207
|
| Total liabilities |
118,165
|
136,774
|
| Commitments and contingencies (Note 8) |
|
|
| Stockholders' equity: |
|
|
| Common stock, $0.0001 par value; 150,000,000 shares authorized as of December 31, 2021 and December 31, 2020; 22,383,830 and 18,787,579 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively |
2
|
2
|
| Additional paid-in capital |
378,750
|
302,655
|
| Accumulated deficit |
(325,247)
|
(288,090)
|
| Total stockholders' equity |
53,505
|
14,567
|
| Total liabilities and stockholders' equity |
$ 171,670
|
$ 151,341
|