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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 130,101 $ 122,162
Marketable securities, short-term 47,504 72,075
Prepaid expenses and other current assets 2,724 4,424
Total current assets 180,329 198,661
Marketable securities, long-term 15,837 31,619
Property and equipment, net 165 36
Right-of-use asset 105 0
Other assets 151 14
Total assets 196,587 230,330
Current liabilities    
Accounts payable 1,640 1,088
Accrued clinical trial expenses 2,717 147
Accrued expenses and other current liabilities 3,350 3,912
Operating lease liability, current portion 105 0
Total current liabilities 7,812 5,147
Total liabilities 7,812 5,147
Commitments and contingencies (Note 11)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of December 31, 2022 and 2021 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized and 41,025,062 and 40,473,270 shares issued and outstanding as of December 31, 2022 and 2021, respectively 4 4
Additional paid-in capital 359,949 352,981
Accumulated deficit (170,427) (127,571)
Accumulated other comprehensive loss (751) (231)
Total stockholders’ equity 188,775 225,183
Total liabilities and stockholders’ equity $ 196,587 $ 230,330