Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 120,229 $ 178,660
Prepaid expenses and other 10,548 10,389
Total current assets 130,777 189,049
Property and equipment, net 93,814 50,558
Operating lease right-to-use assets 715 914
Other non-current assets 384 379
Total assets 225,690 240,900
Current liabilities:    
Accounts payable 8,068 13,282
Accrued expenses and other current liabilities 9,680 7,945
Lease liability, short term 432 489
Total current liabilities 18,180 21,716
Lease liability, long term 328 467
Total liabilities 18,508 22,183
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized Series B Convertible Preferred stock, 0 shares designated as of both December 31, 2022 and 2021; issued and outstanding - None Series A Convertible Preferred stock, 0 shares designated as of both December 31, 2022 and 2021; issued and outstanding - None
Common stock, $0.001 par value; 1,000,000,000 and 25,000,000 shares authorized as of December 31, 2022 and 2021, respectively; 76,478,656 and 15,638,274 shares issued and outstanding as of December 31, 2022 and 2021, respectively and 93,741 and 4,033 shares to be issued as of December 31, 2022 and December 31, 2021, respectively 76 16
Additional paid in capital 677,311 578,613
Accumulated deficit (470,038) (359,820)
Accumulated other comprehensive loss (167) (92)
Total stockholders’ equity 207,182 218,717
Total liabilities and stockholders’ equity $ 225,690 $ 240,900