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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 92,046 $ 72,037
Short-term marketable securities 154,724 211,548
Accounts receivable 1,103 1,877
Prepaid expenses and other current assets 3,123 3,143
Total current assets 250,996 288,605
Restricted cash 106 106
Long-term marketable securities 121,293 0
Property and equipment, net 4,763 4,271
Right-of-use assets 3,898 5,205
Other non-current assets 291 82
Total assets 381,347 298,269
Current liabilities    
Accounts payable 2,100 953
Accrued liabilities 12,320 8,516
Contract liability 29,040 27,613
Operating lease liabilities, current 1,699 1,540
Other current liabilities   18
Total current liabilities 45,159 38,640
Long-term contract liability 31,192 56,160
Long-term operating lease liabilities 3,482 5,183
Other non-current liabilities   12
Total liabilities 79,833 99,995
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of December 31, 2021 and December 31, 2020; no shares issued and outstanding as of December 31, 2021 and December 31, 2020
Common stock, $0.0001 par value, 300,000,000 shares authorized as of December 31, 2021 and December 31, 2020; 38,533,045 and 29,537,216 shares issued and outstanding as of December 31, 2021 and December 31, 2020 4 3
Additional paid-in capital 478,970 325,250
Accumulated other comprehensive (loss) income (712) 7
Accumulated deficit (176,748) (126,986)
Total stockholders’ equity 301,514 198,274
Total liabilities and stockholders’ equity $ 381,347 $ 298,269