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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 75,000 $ 68,431
Short-term investments 21,526 117,158
Prepaid expenses and other current assets 6,247 5,006
Total current assets 102,773 190,595
Operating lease right-of-use assets 52,266 78,934
Property and equipment, net 14,764 34,927
Restricted cash 1,976 2,503
Deposit and other long-term assets 1,231 1,413
Total assets 173,010 308,372
Current liabilities:    
Accounts payable 1,921 2,238
Accrued expenses and other current liabilities 12,584 16,767
Lease liability, current portion 10,409 13,241
Total current liabilities 24,914 32,246
Long-term liabilities:    
Lease liability, net of current portion 64,627 93,561
Other non-current liabilities 0 1,047
Total liabilities 89,541 126,854
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, 2023: 101,433 and 100,117 shares issued and outstanding at December 31, 2023 and 2022, respectively 10 10
Additional paid-in capital 1,003,709 985,651
Accumulated other comprehensive loss (473) (1,531)
Accumulated deficit (919,777) (802,612)
Total stockholders’ equity 83,469 181,518
Total liabilities and stockholders’ equity $ 173,010 $ 308,372