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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 23,645 $ 27,661
Short-term investments, available-for-sale 112,585 155,174
Accounts receivable 155 4
Prepaid expenses and other current assets 4,517 6,271
Total current assets 140,902 189,110
Long-term investments 16,201 21,657
Property and equipment, net of accumulated depreciation 281 224
Operating lease right-of-use assets 1,089 1,482
Other long-term assets 195 301
Total assets 158,668 212,774
Current liabilities:    
Accounts payable 5,340 2,851
Accrued liabilities 16,904 15,592
Total current liabilities 22,244 18,443
Line of credit commitment fee 0 125
Lease-related obligations 644 1,177
Total liabilities 22,888 19,745
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized at September 30, 2024 and December 31, 2023; no shares issued and outstanding as of September 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized at September 30, 2024 and December 31, 2023; 89,936,053 and 88,929,300 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 90 89
Additional paid-in capital 996,389 988,457
Accumulated other comprehensive gain, net 258 7
Accumulated deficit (860,957) (795,524)
Total stockholders’ equity 135,780 193,029
Total liabilities and stockholders’ equity $ 158,668 $ 212,774