v3.24.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 69,268 $ 47,254
Marketable securities 264,413 255,090
Investment in equity securities 41,937 32,020
Accounts receivable 36,078 7,122
Prepaid expenses and other current assets 9,846 11,667
Total current assets 421,542 353,153
Property and equipment, net 21,940 24,621
Operating lease right-of-use assets 22,815 26,443
Other non-current assets 3,567 1,855
Restricted cash 872 872
Total assets 470,736 406,944
Current liabilities:    
Accounts payable 9,440 4,797
Accrued compensation 14,686 13,142
Deferred revenue-current 20,666 16,759
Operating lease liability - current 6,420 4,585
Debt-current 4,061 12,500
Accrued expenses and other current liabilities 38,473 14,764
Total current liabilities 93,746 66,547
Deferred revenue, non-current 53,379 89,885
Operating lease liability - non-current 23,154 29,574
Debt-non-current 0 3,771
Deferred royalty obligation related to the sale of future royalties 149,114  
Other non-current liabilities 1,694 119
Total liabilities 321,087 189,896
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.001 par value - 10,000,000 shares authorized as of December 31, 2023 and 2022; 0 shares issued and outstanding as of December 31, 2023 and 2022
Common stock, $0.001 par value - 300,000,000 shares authorized as of December 31, 2023 and 2022; 61,009,829 and 57,499,541 shares issued and outstanding as of December 31, 2023 and 2022, respectively 61 58
Additional paid-in-capital 708,975 670,223
Accumulated other comprehensive income (loss) 21 (618)
Accumulated deficit (559,408) (452,615)
Total stockholders’ equity 149,649 217,048
Total Liabilities and Stockholders’ Equity $ 470,736 $ 406,944

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