Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

v3.23.1
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 58,098 $ 75,656
Other receivables - related party 0 36
Prepaid expenses and other current assets 3,033 3,160
Total current assets 61,131 78,852
Property, plant and equipment, net 8,324 8,440
Fixed assets - construction in process 333 951
Restricted cash 750 1,000
Other assets 257 261
Operating lease right-of-use asset, net 2,812 2,918
Total Assets 73,607 92,422
Current Liabilities:    
Accounts payable and accrued expenses 11,438 13,731
Payables and accrued expenses - related party 601 766
Operating lease liabilities - short-term 629 612
Total current liabilities 12,668 15,109
Deferred income 270 270
Note payable, long-term, net 27,579 27,436
Operating lease liabilities - long-term 3,275 3,334
Total Liabilities 43,792 46,149
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 March 31, 2023 and December 31, 2022, respectively 0 0
Common stock issuable, zero and 187,134 shares as of March 31, 2023 and December 31, 2022, respectively 0 1,109
Additional paid-in capital 375,876 374,522
Accumulated deficit (346,062) (329,369)
Total Stockholders' Equity 29,815 46,273
Total Liabilities and Stockholders' Equity 73,607 92,422
Class A common shares    
Stockholders' Equity    
Common stock ($0.0001 par value), 200,000,000 shares authorized as of March 31, 2023 and December 31, 2022, respectively 0 0
Common shares    
Stockholders' Equity    
Common stock ($0.0001 par value), 200,000,000 shares authorized as of March 31, 2023 and December 31, 2022, respectively $ 1 $ 11