BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 170,078	$ 78,446
Short-term investments	90,990	215,154
Prepaid expenses and other current assets	3,884	3,097
Total current assets	264,952	296,697
Property and equipment, net	1,828	1,981
Other assets	1,447	319
Total assets	268,227	298,997
Current liabilities:
Accounts payable	838	757
Accrued liabilities	9,066	8,245
Total current liabilities	9,904	9,002
Other long-term liabilities		219
Total liabilities	9,904	9,221
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; no shares issued and outstanding at June 30, 2021 and December 31, 2020
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 36,715,612 shares and 36,672,415 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	4	4
Additional paid-in capital	462,227	456,196
Accumulated deficit	(203,911)	(166,393)
Accumulated other comprehensive gain (loss)	3	(31)
Total stockholders' equity	258,323	289,776
Total liabilities and stockholders' equity	$ 268,227	$ 298,997

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).