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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 34,195 $ 62,424
Short-term investments 270,993 367,305
Add: Lease incentive receivable 5,709 0
Prepaid expenses and other current assets 6,248 4,709
Total current assets 317,145 434,438
Operating lease right-of-use assets 86,000 19,376
Property and equipment, net 33,060 27,725
Restricted cash 2,503 999
Deferred rent receivable 769 0
Deposit and other non-current assets 250 29
Total assets 439,727 482,567
Current liabilities:    
Accounts payable 1,387 2,810
Accrued expenses and other current liabilities 18,047 13,588
Lease liability, current portion 1,886 4,473
Total current liabilities 21,320 20,871
Long-term liabilities:    
Lease liability, net of current portion 101,108 26,235
Other non-current liabilities 1,114 1,114
Total liabilities 123,542 48,220
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value, 300,000 shares authorized at December 31, 2021: 98,381 and 97,549 shares issued and outstanding at December 31, 2021 and 2020, respectively 10 10
Additional paid-in capital 964,965 937,134
Accumulated other comprehensive loss (714) (261)
Accumulated deficit (648,076) (502,536)
Total stockholders’ equity 316,185 434,347
Total liabilities and stockholders’ equity $ 439,727 $ 482,567