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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 92,268 $ 157,898
Short-term investments 176,536 177,551
Prepaid expenses and other current assets 19,462 10,190
Total current assets 288,266 345,639
Property and equipment, net 9,938 3,000
Other assets 381 349
Total assets 298,585 348,988
Current liabilities:    
Accounts payable 10,012 1,754
Accrued expenses 14,574 7,352
Deferred revenue - related party 0 7,728
Total current liabilities 24,586 16,834
Deferred rent 2,213 987
Deferred revenue - related party, net of current portion 0 21,306
Total liabilities 26,799 39,127
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Common stock; $0.0001 par value: 300,000,000 shares authorized, 42,338,898 shares issued and outstanding at December 31, 2021 and 41,779,183 shares issued and 41,767,431 shares outstanding at December 31, 2020 5 5
Additional paid-in capital 389,408 382,012
Accumulated other comprehensive loss (560) (63)
Accumulated deficit (117,067) (72,093)
Total stockholders’ equity 271,786 309,861
Total liabilities and stockholders’ equity $ 298,585 $ 348,988