Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 32,957	$ 21,993
Marketable securities, available for sale	256,740	329,954
Prepaid expenses and other assets	8,224	5,052
Total current assets	297,921	356,999
Property and equipment, net	10,679	8,533
Operating lease right-of-use asset	2,297	1,318
Other non-current assets	467	251
Total assets	311,364	367,101
Current liabilities
Accounts payable	5,318	6,105
Accrued compensation	4,408	4,032
Accrued other expenses	5,681	5,840
Operating lease liability, current portion	931	608
Total current liabilities	16,338	16,585
Operating lease liability, net of current portion	4,599	3,800
Total liabilities	20,937	20,385
Commitments and contingencies (see note 5)
Stockholders' equity:
Preferred stock, $.0001 par value per share; 200,000,000 shares authorized and no shares issued or outstanding as of September 30, 2023 and December 31, 2022
Common stock, $.0001 par value per share; 1,000,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 63,460,939 shares and 63,257,376 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	6	6
Additional paid-in capital	505,465	492,665
Accumulated other comprehensive loss	(424)	(1,355)
Accumulated deficit	(214,620)	(144,600)
Total stockholders' equity	290,427	346,716
Total liabilities and stockholders' equity	$ 311,364	$ 367,101

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).