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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 19,026 $ 27,661
Short-term investments, available-for-sale 140,002 155,174
Accounts receivable 1 4
Prepaid expenses and other current assets 4,003 6,271
Total current assets 163,032 189,110
Long-term investments 29,133 21,657
Property and equipment, net of accumulated depreciation 263 224
Operating lease right-of-use assets 1,354 1,482
Other long-term assets 260 301
Total assets 194,042 212,774
Current liabilities:    
Accounts payable 3,823 2,851
Accrued liabilities 15,112 15,592
Total current liabilities 18,935 18,443
Line of credit commitment fee 0 125
Lease-related obligations 1,005 1,177
Total liabilities 19,940 19,745
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized at March 31, 2024 and December 31, 2023; no shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized at March 31, 2024 and December 31, 2023; 89,629,902 and 88,929,300 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 90 89
Additional paid-in capital 991,583 988,457
Accumulated other comprehensive (gain) loss, net (178) 7
Accumulated deficit (817,393) (795,524)
Total stockholders’ equity 174,102 193,029
Total liabilities and stockholders’ equity $ 194,042 $ 212,774