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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 705,545 $ 764,375
Prepaid expenses and other current assets 7,687 8,028
Total current assets 713,232 772,403
Property and equipment, net 762 23
Restricted cash 305 305
Operating lease right-of-use assets, net 2,890 161
Total assets 717,189 772,892
Current liabilities    
Accounts payable 3,657 4,534
Accrued expenses and other current liabilities 24,840 52,152
Current portion of operating lease liabilities 113 197
Total current liabilities 28,610 56,883
Operating lease liabilities 2,763  
Income taxes payable 5,932 5,932
Total liabilities 37,305 62,815
Commitments and contingencies (see Note 11)
Stockholders’ equity:    
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2022, and December 31, 2021
Common stock, $0.001 par value; 300,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 83,257,591 and 83,102,730 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 83 83
Additional paid-in capital 665,848 653,964
Retained earnings 13,953 56,030
Total stockholders’ equity 679,884 710,077
Total liabilities and stockholders’ equity $ 717,189 $ 772,892