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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 28,452 $ 19,841
Marketable securities 66,502 110,406
Accounts receivable from collaboration 0 43
Prepaid expenses and other current assets 3,259 3,497
Total current assets 98,213 133,787
Property and equipment, net 316 385
Operating lease right-of-use (ROU) assets 1,421 2,339
Other assets 312 312
Total assets 100,262 136,823
Current liabilities    
Accounts payable 1,335 461
Accrued research and development expenses 1,586 885
Other accrued expenses 4,765 5,744
Deferred revenue from a related party - short-term 32,620 30,915
Operating lease liabilities - short-term 1,329 1,220
Total current liabilities 41,635 39,225
Deferred revenue from a related party - long-term 32,511 55,379
Operating lease liabilities - long-term 113 1,122
Total liabilities 74,259 95,726
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 150,000,000 shares authorized as of September 30 2024 and December 31, 2023; 6,354,414 and 5,482,752 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 6 5
Additional paid-in capital 841,743 826,921
Accumulated other comprehensive loss (156) (81)
Accumulated deficit (815,590) (785,748)
Total stockholders' equity 26,003 41,097
Total liabilities and stockholders' equity $ 100,262 $ 136,823