XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 49,106 $ 92,046
Short-term marketable securities 219,514 154,724
Accounts receivable 288 1,103
Prepaid expenses and other current assets 3,281 3,123
Total current assets 272,189 250,996
Restricted cash 106 106
Long-term marketable securities 55,171 121,293
Property and equipment, net 7,163 4,763
Right-of-use assets 3,204 3,898
Other non-current assets 174 291
Total assets 338,007 381,347
Current liabilities    
Accounts payable 4,227 2,100
Accrued liabilities 16,230 12,320
Contract liability 35,849 29,040
Operating lease liabilities - current 1,783 1,699
Total current liabilities 58,089 45,159
Long-term contract liability 8,025 31,192
Long-term operating lease liabilities 2,572 3,482
Total liabilities 68,686 79,833
Commitments and contingencies (Note 5)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of June 30, 2022 and December 31, 2021; no shares issued and outstanding as of June 30,2022 and December 31, 2021
Common stock, $0.0001 par value, 300,000,000 shares authorized as of June 30, 2022 and December 31, 2022; 38,704,010 and 38,533,045 shares issued and outstanding as of June 30, 2022 and December 31, 2021 4 4
Additional paid-in capital 485,763 478,970
Accumulated other comprehensive loss (3,629) (712)
Accumulated deficit (212,817) (176,748)
Total stockholders’ equity 269,321 301,514
Total liabilities and stockholders’ equity $ 338,007 $ 381,347