Condensed Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 374,205	$ 386,569
Prepaid expenses and other current assets	4,141	4,087
Total current assets	378,346	390,656
Property and equipment, net	1,603	1,618
Restricted cash	350	350
Right-of-use asset	1,900	2,180
Total assets	382,199	394,804
Current liabilities:
Accounts payable	4,374	2,583
Accrued expenses	5,799	5,278
Term loan payable, net	495	844
Current portion of lease liability	927	896
Total current liabilities	11,595	9,601
Lease liability, net of current portion	2,055	2,326
Total liabilities	13,650	11,927
Commitments and contingencies (Note 10)
Stockholders' equity:
Preferred Stock, $0.0001 par value per share; 10,000,000 shares authorized at March 31, 2021 and December 31, 2020; no shares issued and outstanding at March 31, 2021 and December 31, 2020
Common stock, $0.0001 par value per share; 200,000,000 shares authorized at March 31, 2021 and December 31, 2020, 34,903,497 and 34,801,537 shares issued, and 34,827,204 and 34,701,274 shares outstanding at March 31, 2021 and December 31, 2020, respectively	3	3
Additional paid-in capital	484,147	479,608
Accumulated deficit	(115,601)	(96,734)
Total stockholders' equity	368,549	382,877
Total liabilities, and stockholders' equity	$ 382,199	$ 394,804

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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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
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).