Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 359,689	$ 386,569
Prepaid expenses and other current assets	3,338	4,087
Total current assets	363,027	390,656
Property and equipment, net	1,984	1,618
Restricted cash	350	350
Right-of-use asset	1,615	2,180
Total assets	366,976	394,804
Current liabilities:
Accounts payable	1,805	2,583
Accrued expenses	12,785	5,278
Term loan payable, net	0	844
Current portion of lease liability	958	896
Total current liabilities	15,548	9,601
Lease liability, net of current portion	1,778	2,326
Total liabilities	17,326	11,927
Commitments and contingencies (Note 10)
Stockholders' equity:
Preferred Stock, $0.0001 par value per share; 10,000,000 shares authorized at June 30, 2021 and December 31, 2020; no shares issued and outstanding at June 30, 2021 and December 31, 2020
Common stock, $0.0001 par value per share; 200,000,000 shares authorized at June 30, 2021 and December 31, 2020, 34,998,372 and 34,801,537 shares issued and 34,963,085 and 34,701,274 shares outstanding at June 30, 2021 and December 31, 2020, respectively	4	3
Additional paid-in capital	489,743	479,608
Accumulated deficit	(140,097)	(96,734)
Total stockholders' equity	349,650	382,877
Total liabilities, and stockholders' equity	$ 366,976	$ 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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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).