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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (12,756,000) $ (7,220,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 125,000 45,000
Stock-based compensation expense 2,646,000 40,000
Non-cash lease expense 191,000 178,000
Net amortization of premiums and accretion of discounts on investments (1,133,000)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 593,000 (884,000)
Accounts payable 470,000 (95,000)
Accrued expenses and other liabilities (1,318,000) (326,000)
Operating lease liabilities (175,000) (156,000)
Net cash used in operating activities (11,357,000) (8,418,000)
Cash flows from investing activities:    
Purchases of short-term and long-term investments (16,963,000)  
Proceeds from maturities of short-term investments 26,315,000  
Purchases of property and equipment (25,000) (415,000)
Net cash provided by (used in) investing activities 9,327,000 (415,000)
Cash flows from financing activities:    
Net decrease in cash, cash equivalents, and restricted cash (2,030,000) (8,833,000)
Cash, cash equivalents and restricted cash at beginning of period 29,907,000 99,991,000
Cash, cash equivalents and restricted cash at end of period 27,877,000 91,158,000
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses   378,000
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 27,489,000 90,770,000
Restricted cash 388,000 388,000
Total cash, cash equivalents, and restricted cash $ 27,877,000 $ 91,158,000