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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 64,752 $ 35,582
Accounts receivable 500 0
Short-term investments 274,008 339,383
Prepaid expenses and other current assets 5,070 2,054
Total current assets 344,330 377,019
Restricted cash 816 816
Property and equipment, net 6,514 1,412
Operating lease right-of-use assets 22,663 185
Other long-term assets 1,433 392
Total assets 375,756 379,824
Current liabilities:    
Accounts payable 2,866 2,458
Accrued liabilities 7,240 3,779
Current portion of deferred revenue 5,906 5,163
Unvested stock liabilities 323 1,203
Current portion of operating lease liabilities 0 194
Total current liabilities 16,335 12,797
Deferred revenue, net of current portion 3,816 700
Operating lease liabilities, net of current portion 24,092 0
Total liabilities 44,243 13,497
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares -10,000,000 at September 30, 2022 and December 31, 2021, respectively; no shares issued and outstanding at September 30, 2022 and December 31, 2021
Common stock, $0.001 par value; authorized shares - 200,000,000 at September 30, 2022 and December 31, 2021, respectively; issued shares - 41,663,029 and 41,622,962 at September 30, 2022 and December 31, 2021, respectively; outstanding shares - 41,550,704 and 41,243,137 at September 30, 2022 and December 31, 2021, respectively 42 41
Additional paid-in capital 428,153 413,967
Accumulated other comprehensive loss (2,277) (270)
Accumulated deficit (94,405) (47,411)
Total stockholders' equity 331,513 366,327
Total liabilities, and stockholders' equity $ 375,756 $ 379,824