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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 15,658 $ 27,661
Short-term investments, available-for-sale 132,511 155,174
Accounts receivable 129 4
Prepaid expenses and other current assets 5,157 6,271
Total current assets 153,455 189,110
Long-term investments 23,315 21,657
Property and equipment, net of accumulated depreciation 276 224
Operating lease right-of-use assets 1,223 1,482
Other long-term assets 242 301
Total assets 178,511 212,774
Current liabilities:    
Accounts payable 4,163 2,851
Accrued liabilities 17,939 15,592
Total current liabilities 22,102 18,443
Line of credit commitment fee 0 125
Lease-related obligations 827 1,177
Total liabilities 22,929 19,745
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized at June 30, 2024 and December 31, 2023; no shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized at June 30, 2024 and December 31, 2023; 89,632,385 and 88,929,300 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 90 89
Additional paid-in capital 993,778 988,457
Accumulated other comprehensive (loss) gain, net (208) 7
Accumulated deficit (838,078) (795,524)
Total stockholders’ equity 155,582 193,029
Total liabilities and stockholders’ equity $ 178,511 $ 212,774