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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 69,683 $ 96,339
Prepaid expenses 2,698 3,876
Other current assets 1,531 1,968
Total current assets 73,912 102,183
Right-of-use assets 1,060 1,181
Other assets 547 582
Total assets 75,519 103,946
Current liabilities:    
Accounts payable 682 3,332
Accrued expenses and other current liabilities 10,683 14,600
Term loan, current portion 1,622 1,622
Deferred revenue, current portion 1,298 4,911
Total current liabilities 14,285 24,465
Lease liabilities, net of current portion 880 1,019
Term loan, net of current portion 923 1,717
Other liabilities 262 236
Total liabilities 16,350 27,437
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued or outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 41,302,599 and 41,029,832 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 4 4
Additional paid-in capital 277,203 273,737
Accumulated deficit (218,038) (197,232)
Total stockholders equity 59,169 76,509
Total liabilities and stockholders’ equity $ 75,519 $ 103,946