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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 340,396 $ 320,448
Marketable securities 270,331 85,095
Prepaid and other assets 12,215 5,598
Total current assets 622,942 411,141
Property and equipment, net 6,254 4,805
Restricted cash 251 251
Right-of-use assets 8,755 10,784
Other assets 598 599
Total assets 638,800 427,580
Current liabilities:    
Accounts payable and accrued liabilities 32,572 14,085
Accrued compensation 11,190 8,940
Lease liabilities, current portion 3,105 1,769
Deferred revenue, current portion 5,041 4,864
Total current liabilities 51,908 29,658
Lease liabilities, net of current portion 7,582 9,960
Deferred revenue, net of current portion 1,235 6,532
Total liabilities 60,725 46,150
Commitments and contingencies (Note 7) 0 0
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares – 400,000; issued and outstanding shares – 69,768 and 47,754 at December 31, 2022 and 2021, respectively 7 5
Additional paid-in capital 939,310 566,161
Accumulated other comprehensive loss (2,698) (187)
Accumulated deficit (358,544) (184,549)
Total stockholders’ equity 578,075 381,430
Total liabilities and stockholders’ equity $ 638,800 $ 427,580