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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 122,914 $ 143,513
Accounts receivable 3,000
Prepaid expenses and other current assets 5,003 4,122
Total current assets 127,917 150,635
Property and equipment, net 2,885 3,046
Restricted cash 2,305 2,305
Deferred offering costs 323 323
Operating lease right-of-use assets 67,367 69,843
Total assets 200,797 226,152
Current liabilities:    
Accounts payable 1,204 3,971
Accrued expenses 8,526 6,810
Current portion of deferred revenue 9,638 12,507
Current portion of operating lease liabilities 10,131 9,936
Total current liabilities 29,499 33,224
Deferred revenue, net of current portion 9,196 9,196
Operating lease liabilities, net of current portion 57,188 59,756
Total liabilities 95,883 102,176
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2022 and December 31, 2021; No shares issued or outstanding.
Common stock, $0.001 par value; 200,000,000 shares authorized at March 31, 2022 and December 31, 2021; 28,148,125 and 28,133,368 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively. 28 28
Additional paid-in capital 321,434 319,458
Accumulated deficit (216,548) (195,510)
Total stockholders’ equity 104,914 123,976
Total liabilities and stockholders’ equity $ 200,797 $ 226,152