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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 75,970 $ 153,001
Marketable securities 160,183 94,776
Accounts receivable 0 47
Prepaid expenses and other current assets (includes $0 and $285 at March 31, 2022 and December 31, 2021, respectively, attributable to related parties) 6,894 8,456
Total current assets 243,047 256,280
Marketable securities, long-term 48,362 67,652
Property and equipment, net 18,456 14,391
Operating lease right-of-use assets 14,186 14,562
Other assets 875 602
Total assets 324,926 353,487
Current liabilities    
Accounts payable 2,681 4,764
Accrued and other current liabilities 5,264 7,744
Deferred revenue 2,109 2,599
Operating lease liabilities, current portion 2,037 1,231
Total current liabilities 12,091 16,338
Deferred revenue, net of current portion 1,761 2,491
Derivative liability 221 214
Long-term portion of operating lease liabilities 14,782 15,217
Other liabilities 15 120
Total liabilities 28,870 34,380
Commitments and contingencies (Note 9)
Stockholders’ equity    
Common stock, $0.0001 par value, 300,000,000 shares authorized at March 31, 2022 and December 31, 2021; 32,264,065 and 32,224,524 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 3 3
Additional paid-in-capital 530,808 526,523
Accumulated other comprehensive loss (1,421) (423)
Accumulated deficit (233,334) (206,996)
Total stockholders’ equity 296,056 319,107
Total liabilities and stockholders’ equity $ 324,926 $ 353,487