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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 72,037 $ 34,067
Short-term marketable securities 211,548 64,889
Accounts receivable 1,877  
Prepaid expenses and other current assets 3,143 2,698
Total current assets 288,605 101,654
Restricted cash 106 106
Long-term marketable securities   1,526
Property and equipment, net 4,271 4,642
Right-of-use assets 5,205 5,057
Other non-current assets 82 16
Total assets 298,269 113,001
Current liabilities    
Accounts payable 953 709
Accrued liabilities 8,516 5,023
Contract liability 27,613  
Operating lease liabilities, current 1,540 1,145
Other current liabilities 18 63
Total current liabilities 38,640 6,940
Long-term contract liability 56,160  
Long-term operating lease liabilities 5,183 5,627
Other non-current liabilities 12 34
Total liabilities 99,995 12,601
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of December 31, 2020 and December 31, 2019; no shares issued and outstanding as of December 31, 2020 and December 31, 2019
Common stock, $0.0001 par value, 300,000,000 shares authorized as of December 31, 2020 and December 31, 2019; 29,537,216 and 20,339,461 shares issued and outstanding as of December 31, 2020 and December 31, 2019 3 2
Additional paid-in capital 325,250 192,824
Accumulated other comprehensive income 7 65
Accumulated deficit (126,986) (92,491)
Total stockholders’ equity 198,274 100,400
Total liabilities and stockholders’ equity $ 298,269 $ 113,001