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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 15,117 $ 26,587
Short-term investments 123,136 125,527
Prepaid expenses and other current assets 2,111 2,276
Total current assets 140,364 154,390
Property and equipment, net 4,085 4,321
Right-of-use asset, net 46,183 47,039
Restricted cash 560 560
Other assets 50 99
Total assets 191,242 206,409
Current liabilities    
Accounts payable and accrued liabilities 4,953 5,354
Accrued compensation 1,123 2,781
Lease liabilities, current portion 262 0
Total current liabilities 6,338 8,135
Lease liabilities, non-current 48,312 47,632
Total liabilities 54,650 55,767
Commitments and contingencies (Notes 8)
Stockholders' equity:    
Peferred stock, $0.0001 par value; 70,000 shares authorized and no shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 700,000 shares authorized, 22,300 shares issued and outstanding as of March 31, 2025 and December 31, 2024 2 2
Additional paid-in-capital 353,788 351,991
Accumulated other comprehensive income 32 121
Accumulated deficit (217,230) (201,472)
Total stockholders' equity 136,592 150,642
Total liabilities and stockholders' equity $ 191,242 $ 206,409