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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 254,366 $ 58,006
Marketable securities 128,096 145,463
Prepaid and other current assets 8,316 8,202
Total current assets 390,778 211,671
Restricted cash 1,000 1,000
Property and equipment, net 1,593 1,628
Right-of-use asset 6,412 6,526
Other long-term assets 4,958 5,032
Total assets 404,741 225,857
Current liabilities:    
Accounts payable 2,879 4,662
Lease liabilities, current 370 280
Accrued and other current liabilities 5,467 10,391
Total current liabilities 8,716 15,333
Lease liabilities, noncurrent 6,117 6,216
Other long-term liabilities 29 46
Total liabilities 14,862 21,595
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 50,000,000 shares authorized at March 31, 2024 and December 31, 2023; no shares issued and outstanding at March 31, 2024 and December 31, 2023. 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized at March 31, 2024 and December 31, 2023; 52,521,050 and 43,099,055 shares issued at March 31, 2024 and December 31, 2023, respectively, and 52,474,533 and 43,024,634 shares outstanding at March 31, 2024 and December 31, 2023, respectively. 5 4
Additional paid-in capital 572,902 368,707
Accumulated other comprehensive income (loss) (6) 381
Accumulated deficit (183,022) (164,830)
Total stockholders' equity 389,879 204,262
Total liabilities and stockholders' equity $ 404,741 $ 225,857