Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.23.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 75,656 $ 109,618
Other receivables - related party 36 50
Prepaid expenses and other current assets 3,160 2,038
Total current assets 78,852 111,706
Property, plant and equipment, net 8,440 9,025
Fixed assets - construction in process 951 2,027
Restricted cash 1,000 1,000
Other assets 261 362
Operating lease right-of-use asset, net 2,918 1,050
Total Assets 92,422 125,170
Current Liabilities:    
Accounts payable and accrued expenses 13,731 9,744
Payables and accrued expenses - related party 766 723
Operating lease liabilities - short-term 612 348
Total current liabilities 15,109 10,815
Deferred income 270 270
Note payable, long-term, net 27,436 0
Operating lease liabilities - long-term 3,334 1,685
Total Liabilities 46,149 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 December 31, 2022 and 2021, respectively 0 0
Common stock issuable, 2,807,008 and 2,536,607 shares as of December 31, 2022 and 2021, respectively 1,109 4,329
Additional paid-in capital 374,522 359,906
Accumulated deficit (329,369) (251,844)
Total Stockholders' Equity 46,273 112,400
Total Liabilities and Stockholders' Equity 92,422 125,170
Class A Common Shares [Member]    
Stockholders' Equity    
Common stock ($0.0001 par value), 200,000,000 and 150,000,000 shares authorized as of December 31, 2022 and 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 December 31, 2022 and 2021, respectively $ 11 $ 9