Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 129,923 $ 97,804
Other receivables - related party 32 15
Prepaid expenses and other current assets 1,386 1,715
Total current assets 131,341 99,534
Property, plant and equipment, net 7,155 7,529
Fixed assets - construction in process 2,355 499
Restricted cash 1,000 1,000
Other assets 255 250
Operating lease right-of-use asset, net 1,101 1,088
Total Assets 143,207 109,900
Current Liabilities:    
Accounts payable and accrued expenses 5,766 8,747
Payables and accrued expenses - related party 249 490
Operating lease liabilities - short-term 346 278
Total current liabilities 6,361 9,515
Operating lease liabilities - long-term 1,821 1,950
Total Liabilities 8,182 11,465
Commitments and Contingencies
Stockholders' Equity    
Common stock issuable, 52,019 and 2,103,122 shares as of June 30, 2021 and December 31, 2020, respectively 185 7,939
Additional paid-in capital 349,621 275,963
Accumulated deficit (214,790) (185,474)
Total Stockholders' Equity 135,025 98,435
Total Liabilities and Stockholders' Equity 143,207 109,900
Preferred Class A [Member]    
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 June 30, 2021 and December 31, 2020, respectively 0 0
Common Shares [Member]    
Stockholders' Equity    
Common Stock ($0.0001 par value), 150,000,000 and 125,000,000 shares authorized as of June 30, 2021 and December 31, 2020, respectively 9 7
Total Stockholders' Equity 9 7
Class A Common Shares [Member]    
Stockholders' Equity    
Common Stock ($0.0001 par value), 150,000,000 and 125,000,000 shares authorized as of June 30, 2021 and December 31, 2020, respectively $ 0 $ 0