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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 139,262 $ 320,448
Marketable securities 257,809 85,095
Prepaid and other assets 7,729 5,598
Total current assets 404,800 411,141
Property and equipment, net 5,029 4,805
Restricted cash 501 251
Right-of-use asset 10,257 10,784
Other assets 548 599
Total assets 421,135 427,580
Current liabilities:    
Accounts payable and accrued liabilities 18,821 14,085
Accrued compensation 4,241 8,940
Lease liabilities, current portion 2,544 1,769
Deferred revenue, current portion 5,314 4,864
Total current liabilities 30,920 29,658
Lease liabilities, net of current portion 9,347 9,960
Deferred revenue, net of current portion 5,160 6,532
Total liabilities 45,427 46,150
Commitments and contingencies (Note 7) 0 0
Stockholders’ equity:    
Preferred stock, $0.0001 par value; authorized shares – 40,000; issued and outstanding shares – none 0 0
Common stock, $0.0001 par value; authorized shares – 400,000; issued and outstanding shares – 49,281 and 47,754 at March 31, 2022 and December 31, 2021, respectively 5 5
Additional paid-in capital 596,513 566,161
Accumulated other comprehensive loss (2,026) (187)
Accumulated deficit (218,784) (184,549)
Total stockholders’ equity 375,708 381,430
Total liabilities and stockholders’ equity $ 421,135 $ 427,580