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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 98,286 $ 140,726
Short-term investments 194,773 62,225
Prepaid expenses and other current assets 7,040 5,923
Total current assets 300,099 208,874
Property and equipment, net 75 85
Total long-term investments 57,237 0
Restricted cash 227 227
Operating lease right-of-use asset 327 362
Other non-current assets 1,204 747
Total assets 359,169 210,295
Current liabilities    
Accounts payable 1,936 1,071
Accrued expenses and other current liabilities 2,668 3,710
Operating lease liability, current portion 223 221
Total current liabilities 4,827 5,002
Operating lease liability, net of current portion 153 194
Other liabilities 50 57
Total liabilities 5,030 5,253
Commitments and Contingencies (Note 11)
Stockholders’ equity    
Undesignated preferred stock, $0.0001 par value – 10,000,000 shares authorized as of March 31, 2024 and December 31, 2023, no shares issued or outstanding as of March 31, 2024 or December 31, 2023 0 0
Common stock, $0.0001 par value – 140,000,000 voting shares authorized as of March 31, 2024 and December 31, 2023, 25,646,509 and $20,337,571 voting shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively; 10,000,000 non-voting shares authorized as of March 31, 2024 and December 31, 2023, no non-voting shares issued or outstanding as of March 31, 2024 or December 31, 2023 3 2
Additional paid-in capital 429,751 267,024
Accumulated other comprehensive (loss) income (253) 67
Accumulated deficit (75,362) (62,051)
Total stockholders’ equity 354,139 205,042
Total liabilities and stockholders’ equity $ 359,169 $ 210,295