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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 66,886 $ 130,101
Marketable securities, short-term 176,636 47,504
Prepaid expenses and other current assets 3,093 2,724
Total current assets 246,615 180,329
Marketable securities, long-term 62,553 15,837
Restricted cash 233 0
Property and equipment, net 122 165
Right-of-use asset 381 105
Other assets 221 151
Total assets 310,125 196,587
Current liabilities    
Accounts payable 1,379 1,640
Accrued clinical trial expenses 4,387 2,717
Accrued expenses and other current liabilities 6,339 3,350
Finance lease liability, short-term 756 0
Operating lease liability, short-term 110 105
Total current liabilities 12,971 7,812
Operating lease liability, long-term 284 0
Debt, long-term 29,897 0
Total liabilities 43,152 7,812
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, 2023 and 2022 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of December 31, 2023 and 2022; 57,910,461 and 41,025,062 shares issued and outstanding as of December 31, 2023 and 2022, respectively 6 4
Additional paid-in capital 489,453 359,949
Accumulated deficit (222,798) (170,427)
Accumulated other comprehensive income (loss) 312 (751)
Total stockholders’ equity 266,973 188,775
Total liabilities and stockholders’ equity $ 310,125 $ 196,587