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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 684,480 $ 764,375
Prepaid expenses and other current assets 4,971 8,028
Total current assets 689,451 772,403
Property and equipment, net 1,896 23
Restricted cash 305 305
Operating lease right-of-use assets, net 2,686 161
Total assets 694,338 772,892
Current liabilities    
Accounts payable 13,885 4,534
Accrued expenses and other current liabilities 10,492 52,152
Current portion of operating lease liabilities 730 197
Total current liabilities 25,107 56,883
Operating lease liabilities 2,766  
Income taxes payable 6,008 5,932
Total liabilities 33,881 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 June 30, 2022, and December 31, 2021
Common stock, $0.001 par value; 300,000,000 shares authorized as of June 30, 2022 and December 31, 2021; 83,257,591 and 83,102,730 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 83 83
Additional paid-in capital 677,756 653,964
Retained earnings (accumulated deficit) (17,382) 56,030
Total stockholders’ equity 660,457 710,077
Total liabilities and stockholders’ equity $ 694,338 $ 772,892