Annual report pursuant to Section 13 and 15(d)

CONDENSED BALANCE SHEETS

v3.22.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 109,618 $ 97,804
Other receivables - related party 50 15
Prepaid expenses and other current assets 2,038 1,715
Total current assets 111,706 99,534
Property, plant and equipment, net 9,025 7,529
Fixed assets - construction in process 2,027 499
Restricted cash 1,000 1,000
Other assets 362 250
Operating lease right-of-use asset, net 1,050 1,088
Total Assets 125,170 109,900
Current Liabilities:    
Accounts payable and accrued expenses 9,744 8,747
Payables and accrued expenses - related party 723 490
Operating lease liabilities - short-term 348 278
Total current liabilities 10,815 9,515
Deferred income 270 0
Operating lease liabilities - long-term 1,685 1,950
Total Liabilities 12,770 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 December 31, 2021 and 2020, respectively 0 0
Common stock issuable, 2,607,981 and 2,103,122 shares as of December 31, 2021 and 2020, respectively 4,329 7,939
Additional paid-in capital 359,906 275,963
Accumulated deficit (251,844) (185,474)
Total Stockholders' Equity 112,400 98,435
Total Liabilities and Stockholders' Equity 125,170 109,900
Class A Common Shares [Member]    
Stockholders' Equity    
Common Stock ($0.0001 par value), 150,000,000 and 125,000,000 shares authorized as of December 31, 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 December 31, 2021 and December 31, 2020, respectively $ 9 $ 7