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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 40,388 $ 53,888
Investments 6,990 26,935
Prepaid expenses and other current assets 8,132 7,571
Total current assets 55,510 88,394
Operating lease right-of-use asset 970 1,298
Security deposits and leasehold improvements 199 200
TOTAL ASSETS 56,679 89,892
CURRENT LIABILITIES:    
Current portion of operating lease liabilities 470 442
Accounts payable 6,973 9,461
Accrued expenses and other current liabilities 14,332 16,559
Warrant liability 24,739  
Total current liabilities 46,514 26,462
NONCURRENT LIABILITIES:    
Noncurrent portion of operating lease liabilities 536 891
Total noncurrent liabilities 536 891
Total liabilities 47,050 27,353
STOCKHOLDERS' EQUITY:    
Common stock, $0.0001 par value; 100,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 48,058,956 shares issued and outstanding as of September 30, 2022 and 26,215,514 shares issued and outstanding as of December 31, 2021 5 3
Preferred stock, par value $0.0001; 10,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 0 shares issued and outstanding as of September 30, 2022 and December 31, 2021
Additional paid-in capital 343,995 328,958
Accumulated other comprehensive gain/(loss) 23 (107)
Accumulated deficit (334,394) (266,315)
Total stockholders' equity 9,629 62,539
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 56,679 $ 89,892