Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

v3.22.2.2
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 91,364 $ 109,618
Other receivables - related party 33 50
Prepaid expenses and other current assets 3,050 2,038
Total current assets 94,447 111,706
Property, plant and equipment, net 8,950 9,025
Fixed assets - construction in process 1,095 2,027
Restricted cash 1,000 1,000
Other assets 320 362
Operating lease right-of-use asset, net 3,024 1,050
Total Assets 108,836 125,170
Current Liabilities:    
Accounts payable and accrued expenses 12,810 9,744
Payables and accrued expenses - related party 152 723
Operating lease liabilities - short-term 595 348
Total current liabilities 13,557 10,815
Deferred income 270 270
Note payable, long-term 27,293 0
Operating lease liabilities - long-term 3,391 1,685
Total Liabilities 44,511 12,770
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Preferred stock ($0.0001 par value), 2,000,000 shares authorized, 250,000 shares of Class A preferred stock issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 0 0
Common stock issuable, 6,987 and 2,536,607 shares as of September 30, 2022 and December 31, 2021, respectively 4 4,329
Additional paid-in capital 374,045 359,906
Accumulated deficit (309,735) (251,844)
Total Stockholders' Equity 64,325 112,400
Total Liabilities and Stockholders' Equity 108,836 125,170
Class A Common Shares [Member]    
Stockholders' Equity    
Common Stock ($0.0001 par value), 200,000,000 and 150,000,000 shares authorized as of September 30, 2022 and December 31, 2021, respectively 0 0
Common Shares [Member]    
Stockholders' Equity    
Common Stock ($0.0001 par value), 200,000,000 and 150,000,000 shares authorized as of September 30, 2022 and December 31, 2021, respectively $ 11 $ 9