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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 76,797 $ 33,986
Short-term investments 50,274 141,040
Prepaid expenses and other current assets 4,265 5,989
Total current assets 131,336 181,015
Equity method investment 17,319 25,814
Property and equipment, net 845 1,078
Right-of-use assets 19,837 20,563
Total assets 169,337 228,470
Current liabilities:    
Accounts payable 3,393 1,144
Accrued expenses and other liabilities 17,845 18,715
Operating lease liabilities 1,701 1,561
Deferred revenue 0 1,156
Total current liabilities 22,939 22,576
Non-current liabilities:    
Operating lease liabilities, net of current portion 27,023 27,916
Total liabilities 49,962 50,492
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized; 57,794,767 and 57,483,910 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 6 6
Additional paid-in capital 612,482 607,513
Accumulated other comprehensive loss (88) (404)
Accumulated deficit (493,025) (429,137)
Total stockholders’ equity 119,375 177,978
Total liabilities and stockholders' equity $ 169,337 $ 228,470