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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 77,741 $ 95,529
Short-term investments 70,823 83,037
Prepaid expenses and other current assets 8,783 12,261
Total current assets 157,347 190,827
Property and equipment, net 4,406 4,882
Long-term investments 13,691 41,657
Operating lease right-of-use asset 10,271 11,877
Other non-current assets                3,186 3,453
Total assets                188,901 252,696
Current liabilities:    
Accounts payable 3,439 1,674
Accrued expenses 15,801 13,467
Operating lease liability, current 3,912 3,695
Other current liabilities                43 62
Total current liabilities 23,195 18,898
Operating lease liability, net of current portion 7,976 9,993
Total liabilities 31,171 28,891
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value: 5,000 shares authorized at June 30, 2022 and December 31, 2021; no shares issued or outstanding at June 30, 2022 or December 31, 2021 0 0
Common stock, $0.001 par value: 160,000 shares authorized at June 30, 2022 and December 31, 2021; 51,681 and 51,265 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 51 51
Additional paid-in capital 471,529 465,865
Accumulated other comprehensive loss (1,097) (238)
Accumulated deficit (312,753) (241,873)
Total stockholders’ equity 157,730 223,805
Total liabilities and stockholders’ equity $ 188,901 $ 252,696