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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 94,550 $ 74,356
Short-term investments 269,006 401,446
Short-term deposits 10,265 8,595
Collaboration receivable, net 3,407 3,474
Prepaid expenses and other current assets 3,746 1,915
Total current assets 380,974 489,786
Long-term investments 15,705 5,469
Property and equipment, net 10 20
Right-of-use asset, net 1,731 1,039
Restricted cash 217 115
Other assets 587 807
Total assets 399,224 497,236
Current liabilities:    
Accounts payable 6,049 4,350
Accrued expenses and other current liabilities 32,119 24,276
Current portion of right-of-use liability 995 434
Current portion of capital lease 11 5
Total current liabilities 39,174 29,065
Long-term liabilities:    
Right-of-use liability, less current portion 851 709
Capital lease, less current portion 13 13
Total long-term liabilities 864 722
Total liabilities 40,038 29,787
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; 0 shares outstanding at September 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value 100,000,000 shares authorized; 69,638,168 and 68,111,385 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 7 7
Additional paid-in capital 1,189,561 1,161,288
Accumulated other comprehensive (loss) (455) (806)
Accumulated deficit (829,927) (693,040)
Total stockholders’ equity 359,186 467,449
Total liabilities and stockholders’ equity $ 399,224 $ 497,236