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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 187,467 $ 201,015
Prepaid expenses and other current assets 7,532 10,211
Total current assets 194,999 211,226
Operating lease right-of-use assets   122
Property and equipment, net 22,609 22,864
Intangible assets, net 503 622
Total assets 218,111 234,834
Current liabilities:    
Accounts payable and accrued expenses 8,242 4,017
Accrued development expense 5,276 2,280
Accrued compensation and benefits 212 170
Operating lease liabilities, current   104
Other current liabilities 179 492
Total current liabilities 13,909 7,063
Operating lease liabilities, non-current   35
Other non-current liabilities 197 197
Total liabilities 14,106 7,295
Commitments and contingencies (Notes 10, 11 and 12)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value; 120,000,000 shares authorized; 41,749,435 and 41,735,557 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 42 42
Additional paid-in capital 511,786 511,049
Accumulated deficit (307,823) (283,552)
Total stockholders' equity 204,005 227,539
Total liabilities and stockholders' equity $ 218,111 $ 234,834