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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 149,165,000 $ 100,141,000
Marketable securities 171,339,000 153,007,000
Restricted cash 54,000 54,000
Prepaid expenses and other current assets 6,641,000 2,949,000
Contingent value right asset 10,000,000 10,000,000
Total current assets 337,199,000 266,151,000
Property and equipment, net 683,000 742,000
Operating lease right-of-use assets 241,000 320,000
Deferred offering costs 563,000 563,000
Other long-term assets 4,091,000 4,091,000
Total assets 342,777,000 271,867,000
Current liabilities:    
Accounts payable 2,727,000 532,000
Accrued expenses and other current liabilities 12,304,000 15,362,000
Contingent value right liability 10,000,000 10,000,000
Total current liabilities 25,031,000 25,894,000
Long-term liabilities 34,000 67,000
Total liabilities 25,065,000 25,961,000
Commitments and contingencies (Note 9):
Stockholders' equity (deficit):    
Preferred stock, value 0 0
Common stock, par value $0.001; authorized shares - 100,000,000; issued and outstanding shares - 46,782,639 and 41,292,027 at March 31, 2024 and December 31, 2023, respectively 47,000 41,000
Additional paid-in capital 494,904,000 400,172,000
Accumulated other comprehensive loss (53,000) 141,000
Accumulated deficit (177,186,000) (154,448,000)
Total stockholders' equity (deficit) 317,712,000 245,906,000
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 342,777,000 $ 271,867,000