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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 111,597 $ 155,579
Short-term investments 201,410 268,971
Prepaid expenses and other current assets 10,730 6,521
Unbilled revenue - related party 102 102
Total current assets 323,839 431,173
Property and equipment, net 1,800 1,326
Operating lease right-of-use asset 1,855 1,610
Other assets 1,263 982
Total assets 328,757 435,091
Current liabilities:    
Accounts payable 3,735 14,234
Accrued liabilities and other (related party $1,110 and $1,146 as of September 30, 2023 and December 31, 2022, respectively) 19,224 18,827
Current portion of deferred revenue - related party 288 288
Total current liabilities 23,247 33,349
Long-term debt, net 20,000 4,645
Deferred revenue - related party 645 861
Other liabilities 1,289 1,172
Total liabilities 45,181 40,027
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000,000 shares authorized; 43,700,989 and 41,305,947 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 437 414
Additional paid-in capital 807,339 741,067
Accumulated other comprehensive loss (64) (390)
Accumulated deficit (659,048) (488,174)
Total stockholders’ equity 283,576 395,064
Total liabilities and stockholders’ equity 328,757 435,091
Series A Preferred Stock    
Stockholders’ equity:    
Preferred stock 78,235 85,470
Series B Preferred Stock    
Stockholders’ equity:    
Preferred stock $ 56,677 $ 56,677