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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 105,561 $ 143,513
Accounts receivable 3,000
Prepaid expenses and other current assets 4,491 4,122
Total current assets 110,052 150,635
Property and equipment, net 2,683 3,046
Restricted cash 2,305 2,305
Deferred offering costs 310 323
Operating lease right-of-use assets 64,961 69,843
Total assets 180,311 226,152
Current liabilities:    
Accounts payable 1,656 3,971
Accrued expenses 9,711 6,810
Current portion of deferred revenue 6,630 12,507
Current portion of operating lease liabilities 10,446 9,936
Total current liabilities 28,443 33,224
Deferred revenue, net of current portion 9,196 9,196
Operating lease liabilities, net of current portion 54,484 59,756
Total liabilities 92,123 102,176
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at June 30, 2022 and December 31, 2021; No shares issued or outstanding.
Common stock, $0.001 par value; 200,000,000 shares authorized at June 30, 2022 and December 31, 2021; 29,148,053 and 28,133,368 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 29 28
Additional paid-in capital 326,943 319,458
Accumulated deficit (238,784) (195,510)
Total stockholders’ equity 88,188 123,976
Total liabilities and stockholders’ equity $ 180,311 $ 226,152