Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 178,660 $ 77,068
Prepaid expenses and other 10,389 10,921
Total current assets 189,049 87,989
Property and equipment, net 50,558 8,571
Operating lease right-to-use assets 914 1,258
Security deposit 19 5
Restricted cash 240 240
Intangible asset 120 120
Total assets 240,900 98,183
Current liabilities:    
Accounts payable 13,282 4,598
Accrued expenses and other current liabilities 7,945 4,626
Lease liability, short term 489 595
Total current liabilities 21,716 9,819
Lease liability, long term 467 716
Total liabilities 22,183 10,535
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized Series B Convertible Preferred stock, 5,313 shares designated as of both December 31, 2021 and 2020; issued and outstanding - None Series A Convertible Preferred stock, 0 shares designated as of both December 31, 2021 and 2020; issued and outstanding - None
Common stock, $0.001 par value; 800,000,000 and 400,000,000 shares authorized as of December 31, 2021 and 2020, respectively; 496,245,564 and 206,008,683 shares issued and outstanding as of December 31, 2021 and 2020, respectively and 129,041 and 54,447 shares to be issued as of December 31, 2021 and December 31, 2020, respectively 496 206
Additional paid in capital 578,133 355,037
Accumulated deficit (359,820) (267,533)
Accumulated other comprehensive loss (92) (62)
Total stockholders’ equity 218,717 87,648
Total liabilities and stockholders’ equity $ 240,900 $ 98,183