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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 25,965 $ 12,589
Marketable securities 62,903 107,921
Prepaid expenses 4,039 795
Other current assets 1,046 1,311
Total current assets 93,953 122,616
Operating lease right-of-use assets 1,190 24
Other non-current assets 297 205
Property, equipment and leasehold improvements, net 238 170
Finance lease right-of-use assets 218  
Total assets 95,896 123,015
Current liabilities:    
Accounts payable 1,256 2,857
Accrued expenses 3,625 3,518
Operating lease liabilities 171 25
Finance lease liabilities 121  
Term loan   7,000
Total current liabilities 5,173 13,400
Operating lease liabilities 1,051 2
Finance lease liabilities 62  
Term loan   2,151
Other non-current liabilities   3
Total liabilities 6,286 15,556
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock: $0.001 par value; 5,000,000 shares authorized at September 30, 2023 and December 31, 2022; no shares issued or outstanding at September 30, 2023 and December 31, 2022.
Common stock: $0.001 par value; 200,000,000 shares authorized at September 30, 2023 and December 31, 2022; and 63,855,330 and 59,943,430 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively. 64 60
Additional paid-in capital 321,076 317,590
Accumulated other comprehensive loss (217) (122)
Accumulated deficit (231,313) (210,069)
Total stockholders’ equity 89,610 107,459
Total liabilities and stockholders’ equity $ 95,896 $ 123,015