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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 19,208 $ 19,841
Marketable securities 90,011 110,406
Accounts receivable from collaboration 0 43
Prepaid expenses and other current assets 3,712 3,497
Total current assets 112,931 133,787
Property and equipment, net 349 385
Operating lease right-of-use (ROU) assets 1,731 2,339
Other assets 312 312
Total assets 115,323 136,823
Current liabilities    
Accounts payable 801 461
Accrued research and development expenses 2,531 885
Other accrued expenses 3,587 5,744
Deferred revenue from a related party - short-term 33,060 30,915
Operating lease liabilities - short-term 1,295 1,220
Total current liabilities 41,274 39,225
Deferred revenue from a related party - long-term 38,916 55,379
Operating lease liabilities - long-term 451 1,122
Total liabilities 80,641 95,726
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 150,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 6,345,561 and 5,482,752 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 6 5
Additional paid-in capital 840,946 826,921
Accumulated other comprehensive loss (293) (81)
Accumulated deficit (805,977) (785,748)
Total stockholders' equity 34,682 41,097
Total liabilities and stockholders' equity $ 115,323 $ 136,823