Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 129,371 $ 97,804
Other receivables - related party 17 15
Prepaid expenses and other current assets 1,581 1,715
Total current assets 130,969 99,534
Property, plant and equipment, net 7,080 7,529
Fixed assets - construction in process 1,458 499
Restricted cash 1,000 1,000
Other assets 255 250
Operating lease right-of-use asset, net 1,060 1,088
Total Assets 141,822 109,900
Current Liabilities:    
Accounts payable and accrued expenses 5,959 8,747
Payables and accrued expenses - related party 343 490
Operating lease liabilities - short-term 284 278
Total current liabilities 6,586 9,515
Operating lease liabilities - long-term 1,875 1,950
Total Liabilities 8,461 11,465
Commitments and Contingencies
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, 2021 and December 31, 2020, respectively 0 0
Common Stock ($0.0001 par value) 8 7
Common stock issuable, 63,688 and 2,103,122 shares as of March 31, 2021 and December 31, 2020, respectively 218 7,939
Additional paid-in capital 333,566 275,963
Accumulated deficit (200,431) (185,474)
Total Stockholders' Equity 133,361 98,435
Total Liabilities and Stockholders' Equity 141,822 109,900
Class A Common Shares [Member]    
Stockholders' Equity    
Common Stock ($0.0001 par value) $ 0 $ 0