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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 238,173 $ 68,985
Short-term investments 116,326 176,985
Prepaid expenses and other current assets 9,226 10,378
Total current assets 363,725 256,348
Property and equipment, net 10,176 7,954
Operating lease right-of-use assets 24,556 27,958
Long-term investments 6,862 27,117
Restricted cash 871 871
Other assets 5,429 4,089
Total noncurrent assets 47,894 67,989
Total assets 411,619 324,337
Current liabilities:    
Accounts payable 7,039 6,758
Accrued compensation 2,060 3,455
Accrued manufacturing expenses 4,830 4,440
Accrued expenses 9,894 8,787
Operating lease liabilities — current 6,644 5,276
Total current liabilities 30,467 28,716
Operating lease liabilities — long-term 14,560 11,507
Other liabilities 92 96
Total liabilities 45,119 40,319
Commitments and contingencies (Note 6)
Stockholders' Equity    
Preferred stock, $0.001 par value - 10,000,000 shares authorized at June 30, 2022 and December 31, 2021; no shares issued and outstanding at June 30, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value - 500,000,000 shares authorized at June 30, 2022 and December 31, 2021; 58,624,294 and 53,031,978 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 62 56
Additional paid-in capital 753,501 582,844
Accumulated other comprehensive loss (904) (241)
Accumulated deficit (386,159) (298,641)
Total stockholders' equity 366,500 284,018
Total liabilities and stockholders' equity $ 411,619 $ 324,337