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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 33,978 $ 24,127
Marketable debt securities 46,382 60,243
Prepaid expenses and other current assets 3,905 1,776
Total current assets 84,265 86,146
Restricted cash, non-current 745 745
Marketable debt securities, non-current 17,886
Property and equipment, net 1,443 1,592
Operating lease right-of-use asset 5,807 6,277
Other assets 2,881 644
Total assets 95,141 113,290
Current liabilities:    
Accounts payable 1,852 1,586
Accrued expenses 2,131 3,237
Operating lease liability 949 917
Total current liabilities 4,932 5,740
Operating lease liability, non-current 4,984 5,467
Total liabilities 9,916 11,207
Commitments and contingencies (Note 8)
Stockholders’ Equity:    
Preferred stock, $0.001 par value, authorized 10,000,000 shares: Series 1 Convertible Preferred Stock, 8,028 shares authorized at June 30, 2023 and December 31, 2022, 8,027 shares issued and outstanding as of June 30, 2023 and December 31, 2022.
Common stock, $0.001 par value, authorized 100,000,000 shares: Common stock, 11,307,962 and 11,267,389 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively. 11 11
Additional paid-in capital 265,853 262,724
Accumulated deficit (180,303) (159,964)
Accumulated other comprehensive income (loss) (336) (688)
Total stockholders’ equity 85,225 102,083
Total liabilities and stockholders’ equity $ 95,141 $ 113,290