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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 29,111 $ 33,986
Short-term investments 74,187 141,040
Assets held for sale 314 0
Prepaid expenses and other current assets 3,023 5,989
Total current assets 106,635 181,015
Equity method investment 13,957 25,814
Property and equipment, net 0 1,078
Right-of-use assets 19,471 20,563
Total assets 140,063 228,470
Current liabilities:    
Accounts payable 7,803 1,144
Accrued expenses and other liabilities 15,711 18,715
Operating lease liabilities 1,778 1,561
Deferred revenue 0 1,156
Total current liabilities 25,292 22,576
Non-current liabilities:    
Operating lease liabilities, net of current portion 26,560 27,916
Total liabilities 51,852 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 September 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized; 57,902,210 and 57,483,910 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 6 6
Additional paid-in capital 614,220 607,513
Accumulated other comprehensive loss (36) (404)
Accumulated deficit (525,979) (429,137)
Total stockholders’ equity 88,211 177,978
Total liabilities and stockholders' equity $ 140,063 $ 228,470