Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 121,094	$ 124,660
Short-term Investments	17,568	23,010
Prepaid expenses and other current assets	4,053	6,064
Total current assets	142,715	153,734
Property and equipment, net	237	212
Right-of-use assets	1,382
Other non-current assets	78	78
Total assets	144,412	154,024
Current liabilities:
Accounts payable	1,566	2,022
Accrued expenses	5,887	4,180
Operating lease liabilities, current portion	457
Total current liabilities	7,910	6,202
Operating lease liabilities, less current portion	1,127
Other long-term liabilities		167
Performance award (Note 7)	57	444
Total liabilities	9,094	6,813
Commitments and contingencies (Note 9)
Stockholders' equity (deficit):
Common stock, $0.0001 par value; 200,000,000 shares authorized at March 31, 2022 and December 31, 2021; 24,458,550 shares issued and outstanding at March 31, 2022; and 24,457,838 and 24,455,390 shares issued and outstanding at December 31, 2021, respectively	3	3
Additional paid-in capital	233,015	231,902
Accumulated deficit	(97,764)	(84,728)
Accumulated other comprehensive income	64	34
Total stockholders' equity (deficit)	135,318	147,211
Total liabilities, convertible preferred stock and stockholders' equity (deficit)	$ 144,412	$ 154,024

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).