XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 168,693 $ 215,507
Prepaid expenses and other current assets 6,614 4,924
Total current assets 175,307 220,431
Property and equipment, net 2,210 2,728
Operating lease right-of-use asset, net 1,966 2,423
Other assets 154 154
Total assets 179,637 225,736
Current liabilities:    
Accounts payable and accrued expenses 32,084 21,610
Operating lease liabilities 1,569 1,521
Total current liabilities 33,653 23,131
Operating lease liabilities, less current portion 1,662 2,460
Liability to licensor 19,806 19,806
Total liabilities 55,121 45,397
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized at June 30, 2023 and December 31, 2022; 0 shares issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock value 5 5
Additional paid-in capital 480,524 473,135
Accumulated deficit (356,013) (292,801)
Total stockholders’ equity 124,516 180,339
Total liabilities and stockholders’ equity 179,637 225,736
Class B Common Stock    
Stockholders’ equity:    
Common stock value