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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 33,768 $ 24,127
Marketable debt securities 40,266 60,243
Prepaid expenses and other current assets 3,779 1,776
Total current assets 77,813 86,146
Restricted cash, non-current 745 745
Marketable debt securities, non-current 17,886
Property and equipment, net 1,401 1,592
Operating lease right-of-use asset 5,567 6,277
Other assets 2,941 644
Total assets 88,467 113,290
Current liabilities:    
Accounts payable 2,504 1,586
Accrued expenses 3,305 3,237
Operating lease liability 966 917
Total current liabilities 6,775 5,740
Operating lease liability, non-current 4,736 5,467
Total liabilities 11,511 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 September 30, 2023 and December 31, 2022, 7,991 and 8,027 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively.
Common stock, $0.001 par value, authorized 100,000,000 shares: Common stock, 11,364,903 and 11,267,389 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively. 11 11
Additional paid-in capital 267,273 262,724
Accumulated deficit (190,163) (159,964)
Accumulated other comprehensive income (loss) (165) (688)
Total stockholders’ equity 76,956 102,083
Total liabilities and stockholders’ equity $ 88,467 $ 113,290