Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v3.21.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 120,879 $ 97,804
Other receivables - related party 41 15
Prepaid expenses and other current assets 1,028 1,715
Total current assets 121,948 99,534
Property, plant and equipment, net 9,418 7,529
Fixed assets - construction in process 1,019 499
Restricted cash 1,000 1,000
Other assets 254 250
Operating lease right-of-use asset, net 1,067 1,088
Total Assets 134,706 109,900
Current Liabilities:    
Accounts payable and accrued expenses 9,834 8,747
Payables and accrued expenses - related party 296 490
Operating lease liabilities - short-term 329 278
Total current liabilities 10,459 9,515
Deferred income 270 0
Operating lease liabilities - long-term 1,763 1,950
Total Liabilities 12,492 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 September 30, 2021 and December 31, 2020, respectively 0 0
Common stock issuable, 13,831 and 2,103,122 shares as of September 30, 2021 and December 31, 2020, respectively 37 7,939
Additional paid-in capital 353,963 275,963
Accumulated deficit (231,795) (185,474)
Total Stockholders' Equity 122,214 98,435
Total Liabilities and Stockholders' Equity 134,706 109,900
Class A Common Shares [Member]    
Stockholders' Equity    
Common Stock ($0.0001 par value), 150,000,000 and 125,000,000 shares authorized as of September 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 September 30, 2021 and December 31, 2020, respectively $ 9 $ 7