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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 62,888 $ 39,019
Short-term investments 45,957 133,541
Accounts receivable, net 5,488 1,862
Inventory 6,427 1,861
Prepaid expenses and other current assets 3,826 3,746
Total current assets 124,586 180,029
Property and equipment, net 4,802 508
Operating lease right-of-use assets 1,169 1,522
Other assets 1,866 2,178
Total assets 132,423 184,237
Current liabilities:    
Accounts payable 5,898 3,519
Accrued liabilities 14,306 14,922
Operating lease liabilities, current portion 434 394
Due to licensor payable (Note 8) 5,757 0
Total current liabilities 26,395 18,835
Operating lease liabilities, net of current portion 833 1,267
Due to licensor (Note 8) 0 5,757
Total liabilities 27,228 25,859
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2023 and 2022 0 0
Common stock, $0.0001 par value, 300,000,000 shares authorized; 24,554,205 and 24,435,007 shares issued and outstanding as of December 31, 2023 and 2022, respectively 2 2
Additional paid-in capital 374,129 361,689
Accumulated other comprehensive income (loss) 27 (115)
Accumulated deficit (268,963) (203,198)
Total stockholders’ equity 105,195 158,378
Total liabilities and stockholders’ equity $ 132,423 $ 184,237