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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 157,282 $ 15,365
Short-term investments 32,588 60,125
Receivable from related party 232 4,700
Unbilled receivable from related party 519 938
Prepaid expenses and other current assets 832 905
Total current assets 191,453 82,033
Property and equipment, net 195 142
Right-of-use lease assets 698 814
Other assets and restricted cash 116 121
Total assets 192,462 83,110
Current liabilities:    
Accounts payable 1,369 1,167
Accrued expenses 11,197 6,608
Current portion of deferred revenue - related party 100 100
Current portion of lease liabilities 413 350
Total current liabilities 13,079 8,225
Deferred revenue - related party 745 791
Long-term lease liabilities 257 438
Total liabilities 14,081 9,454
Commitments and contingencies (Note 15)
Convertible preferred stock; par value per share-$0.0001; authorized shares-none and 33,336,283 at September 30, 2023 and December 31, 2022, respectively; issued and outstanding-none and 33,336,282 at September 30, 2023 and December 31, 2022, respectively; liquidation preference-none and $121,500 at September 30, 2023 and December 31, 2022, respectively 0 118,024
Stockholders' equity/(deficit):    
Preferred stock; par value per share-$0.001; authorized shares-10,000,000 and none at September 30, 2023 and December 31, 2022, respectively; issued and outstanding shares-none 0 0
Common stock; par value per share-$0.001 and $0.0001 at September 30, 2023 and December 31, 2022, respectively; authorized shares-150,000,000 and 40,000,000 at September 30, 2023 and December 31, 2022, respectively; issued and outstanding shares-14,817,762 and 875,279 at September 30, 2023 and December 31, 2022, respectively 15 0
Additional paid-in capital 257,230 1,661
Accumulated deficit (78,860) (45,868)
Accumulated other comprehensive loss (4) (161)
Total stockholders' equity/(deficit) 178,381 (44,368)
Total liabilities and stockholders' equity/(deficit) $ 192,462 $ 83,110