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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 142,942 $ 108,297
Restricted cash 822 822
Marketable securities, current 86,492 132,757
Prepaid expenses and other current assets 3,022 5,130
Total current assets 233,278 247,006
Property and equipment, net 11,238 10,955
Marketable securities, noncurrent 0 2,495
Right-of-use assets 9,130 9,539
Other assets 314 313
Total assets 253,960 270,308
Current liabilities:    
Accounts payable 1,774 2,996
Accrued expenses 8,535 7,308
Operating lease liabilities, current 281 528
Total current liabilities 10,590 10,832
Operating lease liabilities, noncurrent 13,197 13,448
Total liabilities 23,787 24,280
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 5,000,000 shares authorized at March 31, 2023 and December 31, 2022. No shares issued or outstanding at March 31, 2023 and December 31, 2022.
Common stock, $0.00001 par value, 1,000,000,000 shares authorized; 45,774,761 and 45,771,332 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively.
Additional paid-in capital 490,460 487,516
Accumulated deficit (260,171) (241,043)
Accumulated other comprehensive loss (116) (445)
Total stockholders’ equity 230,173 246,028
Total liabilities and stockholders’ equity $ 253,960 $ 270,308