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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 76,118 $ 59,774
Short-term investments 238,736 230,692
Prepaid expenses and other current assets 7,458 6,098
Total current assets 322,312 296,564
Property and equipment, net 64 77
Operating lease right-of-use assets 1,194 0
Other assets 147 147
Deferred tax assets 19,568
Long-term investments 94,178 140,397
Total assets 437,463 437,185
Current liabilities:    
Accounts payable 6,306 3,169
Accrued expenses and other current liabilities 10,432 8,577
Operating lease liabilities, current 519 0
Total current liabilities 17,257 11,746
Long-term liabilities:    
lease liabilities, non-current 736 0
Deferred rent 0 65
Total liabilities 17,993 11,811
Commitments and contingencies (Note 8)
Stockholders' equity:    
Common stock, $0.0001 par value, 150,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 44,660,026 and 44,292,102 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively. 4 4
Additional paid-in capital 592,839 584,714
Accumulated other comprehensive loss (3,134) (838)
Accumulated deficit (171,007) (158,909)
Total Cullinan stockholders' equity 418,702 424,971
Noncontrolling interests 768 403
Total stockholders' equity 419,470 425,374
Total liabilities and stockholders' equity $ 437,463 $ 437,185