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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 46,261 $ 15,861
Short-term marketable securities 0 61,768
Prepaid expenses and other current assets 3,296 2,153
Total current assets 49,557 79,782
Property and equipment, net 6,398 7,323
Right of use asset - operating lease 13,662 14,356
Restricted cash 1,097 1,097
Prepaid research and development, net of current portion 8,554 8,300
Other assets 16 7
Total assets 79,284 110,865
Current liabilities:    
Accounts payable 1,082 1,785
Accrued expenses 3,543 5,290
Deferred revenue 657 882
Lease liability - operating lease 4,339 4,152
Finance lease obligations 11 13
Total current liabilities 9,632 12,122
Long-term liabilities:    
Lease liability - operating lease, net of current portion 14,878 16,129
Finance lease obligations, net of current portion 0 4
Total long-term liabilities 14,878 16,133
Commitments and contingencies (Note 12)
Stockholders' equity    
Common stock, $0.001 par value 250,000,000 shares authorized as of June 30, 2023 and December 31, 2022. 72,810,751 shares issued and 68,613,862 shares outstanding as of June 30, 2023 and 70,933,140 shares issued and 66,736,251 shares outstanding as of December 31, 2022. 73 71
Additional paid-in capital 444,906 442,237
Accumulated other comprehensive income (loss) 2 (161)
Accumulated deficit (387,689) (357,019)
Treasury stock, at cost (4,196,889 shares at June 30, 2023 and December 31, 2022) (2,518) (2,518)
Total stockholders' equity 54,774 82,610
Total liabilities and stockholders' equity $ 79,284 $ 110,865