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STATEMENT OF BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 51,634 $ 31,828
Marketable securities 214,555 259,405
Prepaid expenses and other current assets 3,783 3,882
Total current assets 269,972 295,115
Restricted cash 4,044 4,044
Property and equipment, net 4,122 3,929
Right-of-use asset 2,224 1,707
Other assets 309 303
Total assets 280,671 305,098
Current liabilities:    
Accounts payable 7,390 7,840
Accrued expenses and other current liabilities 6,820 9,621
Operating lease liability 1,859 1,740
Total current liabilities 16,069 19,201
Other liabilities 2,400  
Operating lease liability 390  
Total liabilities 18,859 19,201
Commitments (Note 8)
Stockholders’ equity:    
Additional paid-in capital 512,705 505,723
Accumulated other comprehensive income (loss) (2,313) (711)
Accumulated deficit (248,585) (219,120)
Total stockholders’ equity 261,812 285,897
Total liabilities and stockholders’ equity 280,671 305,098
Voting Common Stock    
Stockholders’ equity:    
Common stock 4 4
Non-voting Common Stock    
Stockholders’ equity:    
Common stock $ 1 $ 1