v3.24.2.u1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 90,788 $ 69,268
Marketable securities 284,780 264,413
Investment in equity securities 50,424 41,937
Accounts receivable 6,950 36,078
Prepaid expenses and other current assets 10,533 9,846
Total current assets 443,475 421,542
Property and equipment, net 19,414 21,940
Operating lease right-of-use assets 20,333 22,815
Other non-current assets 4,964 3,567
Restricted cash 857 872
Total assets 489,043 470,736
Current liabilities:    
Accounts payable 6,086 9,440
Accrued compensation 9,940 14,686
Deferred revenue—current 73,964 20,666
Operating lease liability - current 6,933 6,420
Debt—current   4,061
Accrued expenses and other current liabilities 33,062 38,473
Total current liabilities 129,985 93,746
Deferred revenue - non-current 21,690 53,379
Operating lease liability - non-current 19,593 23,154
Deferred royalty obligation related to the sale of future royalties 163,905 149,114
Other non-current liabilities 1,694 1,694
Total liabilities 336,867 321,087
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $0.001 par value - 10,000,000 shares authorized as of June 30, 2024 and December 31, 2023; no shares issued and outstanding as of June 30, 2024 and December 31, 2023
Common stock, $0.001 par value - 300,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 81,861,584 and 61,009,829 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 82 61
Additional paid-in-capital 817,896 708,975
Accumulated other comprehensive (loss) income (163) 21
Accumulated deficit (665,639) (559,408)
Total stockholders’ equity 152,176 149,649
Total Liabilities and Stockholders’ Equity $ 489,043 $ 470,736

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