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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 97,482 $ 24,487
Short-term investments 23,041 54,590
Prepaid expenses 3,400 3,320
Other current assets 206 1,211
Total current assets 124,129 83,608
Right-of-use assets 1,297 1,400
Other assets 536 640
Total assets 125,962 85,648
Current liabilities:    
Accounts payable 945 1,426
Accrued expenses and other current liabilities 12,107 9,399
Term loan, current portion 1,622 1,622
Deferred revenue, current portion 8,060 0
Total current liabilities 22,734 12,447
Lease liabilities, net of current portion 1,147 1,261
Term loan, net of current portion 2,507 3,293
Deferred revenue, net of current portion 2,811 0
Other liabilities 202 161
Total liabilities 29,401 17,162
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued or outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 40,710,692 and 23,601,004 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 4 3
Additional paid-in capital 271,540 218,354
Accumulated other comprehensive loss (55) (558)
Accumulated deficit (174,928) (149,313)
Total stockholders equity 96,561 68,486
Total liabilities and stockholders’ equity $ 125,962 $ 85,648