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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 68,162 $ 39,019
Short-term investments 66,727 133,541
Accounts receivable, net 3,676 1,862
Inventory 3,457 1,861
Prepaid expenses and other current assets 2,901 3,746
Total current assets 144,923 180,029
Property and equipment, net 3,005 508
Operating lease right-of-use assets 1,349 1,522
Other assets 1,951 2,178
Total assets 151,228 184,237
Current liabilities:    
Accounts payable 2,898 3,519
Accrued liabilities 9,685 14,922
Operating lease liabilities, current portion 413 394
Total current liabilities 12,996 18,835
Operating lease liabilities, net of current portion 1,056 1,267
Due to licensor (Note 8) 5,757 5,757
Total liabilities 19,809 25,859
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized; 24,519,860 and 24,435,007 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 2 2
Additional paid-in capital 367,853 361,689
Accumulated other comprehensive loss (44) (115)
Accumulated deficit (236,392) (203,198)
Total stockholders’ equity 131,419 158,378
Total liabilities and stockholders’ equity $ 151,228 $ 184,237