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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 33,418 $ 15,870
Short-term investments 61,615 20,086
Prepaid expenses and other current assets 4,207 315
Total current assets 99,240 36,271
Property and equipment, net 1,946 1,975
Prepaid expenses and other non-current assets 608 2,414
Total assets 101,794 40,660
Current liabilities:    
Accounts payable 2,513 4,636
Accrued research and development 1,356 2,333
Other current liabilities 3,128 3,124
Preferred stock tranche obligation   2,158
Total current liabilities 6,997 12,251
Deferred rent, long term portion 11  
Total liabilities 7,008 12,251
Commitments and contingencies (Note 5)
Convertible preferred stock, $0.0001 par value; 142,150,096 shares authorized as of December 31, 2019, 0 and 117,809,883 shares issued and outstanding as of December 31, 2020 and 2019, respectively; aggregate liquidation value of $0 and $148,592 as of December 31, 2020 and 2019, respectively   131,363
Stockholders’ Equity (Deficit):    
Preferred stock, $0.0001 par value; 10,000,000 authorized, no shares outstanding as of December 31, 2020 and 2019, respectively
Common stock, $0.0001 par value; 500,000,000 and 188,000,000 shares authorized, 20,979,265 and 1,371,467 shares issued and outstanding as of December 31, 2020 and 2019, respectively 2  
Additional paid-in capital 228,155 2,879
Accumulated deficit (133,367) (105,836)
Accumulated other comprehensive (loss) income (4) 3
Total stockholders’ equity (deficit) 94,786 (102,954)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 101,794 $ 40,660