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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 8,898 $ 19,803 [1]
Short-term marketable securities 20,139 23,398 [1]
Prepaid expenses and other current assets 1,226 3,404 [1]
Total current assets 30,263 46,605 [1]
Property and equipment, net 4,414 5,082 [1]
Operating lease right-of-use assets 11,359 12,981 [1]
Long-term restricted cash 896 896 [1]
Other long-term assets 200 126 [1]
Total assets 47,132 65,690 [1]
Current liabilities:    
Accounts payable 1,804 1,380 [1]
Accrued compensation 1,704 1,841 [1]
Accrued and other current liabilities 5,276 4,619 [1]
Total current liabilities 8,784 7,840 [1]
Operating lease liability, net of current portion 20,698 23,539 [1]
Warrant liability 3,506 5,913 [1]
Total liabilities 32,988 37,292 [1]
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Convertible preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0 [1]
Common stock, $0.0001 par value; 300,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 16,850,350 and 16,784,969 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 2 2 [1]
Additional paid-in capital 516,006 512,773 [1]
Accumulated other comprehensive income (loss) 39 (24) [1]
Accumulated deficit (501,903) (484,353) [1]
Total stockholders’ equity 14,144 28,398 [1]
Total liabilities and stockholders’ equity $ 47,132 $ 65,690 [1]
[1] The balance sheet as of December 31, 2023 is derived from the audited financial statements as of that date.