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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 129,242 $ 147,120
Prepaid expenses and other current assets 1,401 2,089
Total current assets 130,643 149,209
Property and equipment, net 105 1,699
Other assets 261 2,324
Total assets 131,009 153,232
Current liabilities:    
Accounts payable 508 1,128
Accrued expenses and other current liabilities 5,461 4,187
Total current liabilities 5,969 5,315
Other long term liabilities 9 1,631
Total liabilities 5,978 6,946
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.001 par value: 40,000,000 shares authorized as of September 30, 2023 and December 31, 2022; no shares issued and outstanding as of September 30, 2023 and December 31, 2022
Common stock, $0.001 par value: 280,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 36,091,075 and 35,575,694 shares issued as of September 30, 2023 and December 31, 2022, respectively; 36,083,742 and 35,516,249 shares outstanding as of September 30, 2023 and December 31, 2022, respectively 35 35
Additional paid-in capital 287,532 284,365
Accumulated deficit (162,536) (138,114)
Total stockholders' equity 125,031 146,286
Total liabilities and stockholders' equity $ 131,009 $ 153,232