CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 47,210	$ 42,748
Short-term investments	46,085	46,221
Prepaid expenses	2,821	2,530
Other current assets	390	396
Total current assets	96,506	91,895
Restricted cash	216	216
Right-of-use assets, net	1,314	1,479
Long-term investments	5,805	32,459
Other assets	674	437
Total assets	104,515	126,486
Current liabilities:
Accounts payable	1,445	2,823
Term loan, current portion	811	0
Accrued expenses and other current liabilities	6,953	4,613
Accrued compensation and benefits	893	1,435
Total current liabilities	10,102	8,871
Term loan, net of current portion	4,077	4,878
Lease liability, net of current portion	1,098	1,293
Other liabilities	117	73
Total liabilities	15,394	15,115
Commitments and contingencies (Note 8)
Stockholders’ equity:
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of June 30, 2022 and December 31, 2021	0	0
Common stock, $0.0001 par value, 200,000,000 shares authorized, 23,560,250 and 23,491,881 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	3	3
Additional paid-in capital	216,731	214,685
Accumulated other comprehensive loss	(845)	(184)
Accumulated deficit	(126,768)	(103,133)
Total stockholders equity	89,121	111,371
Total liabilities and stockholders’ equity	$ 104,515	$ 126,486