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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 192,687 $ 215,507
Prepaid expenses and other current assets 7,030 4,924
Total current assets 199,717 220,431
Property and equipment, net 2,485 2,728
Operating lease right-of-use asset, net 2,196 2,423
Other assets 154 154
Total assets 204,552 225,736
Current liabilities:    
Accounts payable and accrued expenses 24,711 21,610
Operating lease liabilities 1,545 1,521
Total current liabilities 26,256 23,131
Operating lease liabilities, less current portion 2,063 2,460
Liability to licensor 19,806 19,806
Total liabilities 48,125 45,397
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized at March 31, 2023 and December 31, 2022; 0 shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock value 5 5
Additional paid-in capital 476,683 473,135
Accumulated deficit (320,261) (292,801)
Total stockholders’ equity 156,427 180,339
Total liabilities and stockholders’ equity 204,552 225,736
Class B Common Stock    
Stockholders’ equity:    
Common stock value