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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 81,154 $ 96,339
Prepaid expenses 3,100 3,876
Other current assets 1,611 1,968
Total current assets 85,865 102,183
Right-of-use assets 1,121 1,181
Other assets 553 582
Total assets 87,539 103,946
Current liabilities:    
Accounts payable 1,891 3,332
Accrued expenses and other current liabilities 11,973 14,600
Term loan, current portion 1,622 1,622
Deferred revenue 2,908 4,911
Total current liabilities 18,394 24,465
Lease liabilities, net of current portion 950 1,019
Term loan, net of current portion 1,321 1,717
Other liabilities 250 236
Total liabilities 20,915 27,437
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued or outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 41,154,799 and 41,029,832 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 4 4
Additional paid-in capital 275,477 273,737
Accumulated deficit (208,857) (197,232)
Total stockholders equity 66,624 76,509
Total liabilities and stockholders’ equity $ 87,539 $ 103,946