Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.21.2
Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 78,646 $ 109,403
Accounts receivable, net 103 71
Inventories 1,310  
Insurance recovery   9,000
Prepaid expenses and other current assets 2,345 570
Total current assets 82,404 119,044
Restricted cash 1,311 1,310
Property and equipment, net 1,947 2,253
Right-of-use lease asset 4,815 5,119
Other assets 1,171 13
Total assets 91,648 127,739
Current liabilities:    
Accounts payable, net 2,969 1,693
Accrued expenses and other current liabilities 3,678 5,168
Estimated settlement liability   9,000
Lease liability 770 703
Total current liabilities 7,417 16,564
Leases, net of current portion 6,516 7,101
Warrant liability   6
Total liabilities 13,933 23,671
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock?$0.001 par value; 200,000,000 shares authorized at September 30, 2021 and December 31, 2020; 164,518,213 and 159,999,917 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 165 160
Preferred stock?$0.001 par value; 5,000,000 shares authorized, none issued or outstanding at September 30, 2021 and December 31, 2020
Additional paid-in capital 557,707 546,422
Subscription receivable (8)  
Accumulated deficit (480,149) (442,514)
Total stockholders' equity 77,715 104,068
Total liabilities and stockholders' equity $ 91,648 $ 127,739