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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents    
Total cash, and cash equivalents $ 41,574 $ 187,620
Prepaid expenses 19,057 2,451
Other current assets 2,254 246
Total current assets 142,976 296,618
Property and equipment, net 22,659 19,009
Operating lease right-of-use assets 13,941 29,545
Restricted cash 13,496 13,496
Other assets 779 1,646
Total assets 193,851 360,314
Current liabilities:    
Accounts payable 19,537 4,332
Accrued expenses and other current liabilities [1] 14,110 10,688
Accrued settlement payment — related party 13,500 0
Operating lease liability 9,276 11,694
Total current liabilities 56,423 26,714
Operating lease liability, net of current 4,357 17,051
Non current deferred tax liability 0 279
Total liabilities 60,780 44,044
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, par value of $0.00001 per share; 775,000,000 shares authorized; 97,377,121 and 97,209,213 shares issued and outstanding as of December 31, 2023 and 2022, respectively 2 2
Additional paid-in capital 624,414 609,849
Accumulated other comprehensive loss (15) (384)
Accumulated deficit (491,330) (293,197)
Total stockholders’ equity 133,071 316,270
Total liabilities and stockholders’ equity 193,851 360,314
Nonrelated Party    
Cash and cash equivalents    
Short-term investments 74,639 98,467
Related Party    
Cash and cash equivalents    
Short-term investments $ 5,452 7,834
Current liabilities:    
Accrued expenses and other current liabilities   $ 300
[1] Includes related party amount of $0.3 million as of December 31, 2022.