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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 71,893 $ 47,379
Investments 45,279 113,901
Prepaid expenses and other current assets 19,278 23,304
Total current assets 136,450 184,584
Property and equipment, net 16,015 17,671
Other assets 2,805 3,069
Total assets 155,270 205,324
Current liabilities:    
Accounts payable 2,011 7,170
Accrued expenses and other current liabilities 10,983 17,795
Total current liabilities 12,994 24,965
Non-current operating lease liabilities 3,818 4,202
Total liabilities 16,812 29,167
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.0001 par value: 300,000,000 shares authorized; 42,471,335 shares issued and outstanding at June 30, 2023 and 42,390,586 shares issued and outstanding at December 31, 2022 5 5
Additional paid-in capital 399,609 396,041
Accumulated other comprehensive loss (74) (877)
Accumulated deficit (261,082) (219,012)
Total stockholders’ equity 138,458 176,157
Total liabilities and stockholders’ equity $ 155,270 $ 205,324