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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 187,586 $ 232,545
Accounts receivable, net 2,599 183
Inventory 3,499 0
Prepaid expenses and other current assets 7,138 3,387
Total current assets 200,822 236,115
Property and equipment, net 10,765 10,528
Operating lease right-of-use-assets 12,693 12,907
Other long-term assets 6,307 6,278
Total assets 230,587 265,828
Current liabilities:    
Accounts payable 5,263 5,122
Accrued compensation 4,889 6,369
Accrued liabilities 3,496 6,383
Operating lease liabilities, current portion 1,628 1,232
Total current liabilities 15,276 19,106
Operating lease liabilities, long-term portion 12,526 12,745
Total liabilities 27,802 31,851
Commitments and contingencies (Note 6)
Stockholders equity:    
Common stock, $0.0001 par value; 200,000,000 shares authorized as of March 31, 2022 and December 31, 2021; [25,963,014] and 26,408,031 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 3 3
Additional paid-in capital 600,772 598,913
Accumulated deficit (397,993) (364,942)
Total stockholders’ equity (deficit) 202,785 233,977
Total liabilities and stockholders equity 230,587 265,828
Series 1 Convertible Preferred Stock    
Stockholders equity:    
Series 1 convertible preferred stock, $0.0001 par value - 60,000,000 shares authorized and 29,863,674 shares issued and outstanding as of March 31, 2022 and December 31, 2021; aggregate liquidation preference of $3 as of March 31, 2022 and December 31, 2021 $ 3 $ 3