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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 287,312 $ 298,569
Investment securities 83,908 85,495
Prepaid expense and other current assets 2,651 1,371
Total current assets 373,871 385,435
Property and equipment, net 1,448 1,508
Right-of-use asset, related party 3,482 3,614
Total assets 378,801 390,557
Current liabilities:    
Accounts payable 1,901 1,620
Accrued expenses and other current liabilities (including related party amounts of $503 and $504 respectively) 3,579 3,663
Total current liabilities 5,480 5,283
Operating lease liability, net, related party 3,012 3,144
Total liabilities 8,492 8,427
Commitments and contingencies (See Note 8)
Stockholders' equity:    
Common stock, $0.0001 par value; 200,000,000 and 60,000,000 shares authorized, 55,781,681 and 55,681,752 shares issued, 55,618,326 and 15,441,926 shares outstanding at March 31, 2022 and December 31, 2021, respectively 6 6
Additional paid-in capital 432,346 429,824
Accumulated deficit (60,721) (47,456)
Accumulated other comprehensive loss (1,322) (244)
Total stockholders' equity 370,309 382,130
Total liabilities and stockholders' equity $ 378,801 $ 390,557