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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 55,140 $ 34,273
Collaboration revenue receivable 0 388
Unbilled receivable 173 99
Prepaid expenses and other assets 1,464 4,355
Total current assets 56,777 39,115
Property and equipment, net 3,688 3,887
Operating lease right-of-use asset 1,300 1,443
Other non-current assets 436 276
Total assets 62,201 44,721
Current liabilities:    
Accounts payable 2,057 507
Accrued expenses and other current liabilities 3,365 2,655
Operating lease liability 309 297
Total current liabilities 5,731 3,459
Operating lease liability 1,070 1,229
Total liabilities 6,801 4,688
Commitments and Contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 200,000,000 authorized; 41,957,197 shares issued and 41,852,053 shares outstanding as of June 30, 2023 and 41,199,197 shares issued and 41,094,053 shares outstanding as of December 31, 2022 4 4
Treasury stock, at cost, 105,144 shares as of June 30, 2023 and December 31, 2022 0 0
Additional paid-in capital 236,428 203,482
Accumulated deficit (181,032) (163,453)
Total stockholders’ equity 55,400 40,033
Total liabilities and stockholders’ equity $ 62,201 $ 44,721