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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 172,467 $ 361,422
Restricted cash 822  
Marketable securities, current 124,696  
Prepaid expenses and other current assets 3,301 3,339
Total current assets 301,286 364,761
Property and equipment, net 3,090 569
Marketable securities, noncurrent 16,911  
Right-of-use assets, operating leases 10,060  
Other assets 221 201
Total assets 331,568 365,531
Current liabilities:    
Accounts payable 3,189 1,607
Accrued expenses 8,627 4,803
Operating lease liability, current 403  
Total current liabilities 12,219 6,410
Operating lease liability, noncurrent 10,790  
Total liabilities 23,009 6,410
Stockholders' equity:    
Preferred stock, $0.00001 par value, 5,000,000 shares authorized as of December 31, 2021 and December 31, 2020. No shares issued or outstanding as of December 31, 2021 and December 31, 2020.
Common stock, $0.00001 par value, 1,000,000,000 shares authorized; 45,433,684 and 44,777,818 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively.
Additional paid-in capital 476,363 469,001
Accumulated deficit (167,726) (109,880)
Accumulated other comprehensive loss (78)  
Total stockholders' equity 308,559 359,121
Total liabilities and stockholders’ equity $ 331,568 $ 365,531