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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 48,526 $ 37,706
Restricted cash 822 822
Marketable securities, current 164,393 165,351
Prepaid expenses and other current assets 5,048 3,530
Total current assets 218,789 207,409
Property and equipment, net 10,530 10,666
Marketable securities, noncurrent 0 25,505
Right-of-use assets 8,038 8,382
Other assets 182 190
Total assets 237,539 252,152
Current liabilities:    
Accounts payable 4,533 3,237
Accrued expenses 5,701 9,940
Operating lease liabilities, current 1,151 852
Total current liabilities 11,385 14,029
Operating lease liabilities, noncurrent 11,839 12,434
Total liabilities 23,224 26,463
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 5,000,000 shares authorized at June 30, 2024 and December 31, 2023. No shares issued or outstanding at June 30, 2024 and December 31, 2023.
Common stock, $0.00001 par value, 1,000,000,000 shares authorized; 51,522,125 and 51,445,862 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively.
Additional paid-in capital 540,986 535,468
Accumulated deficit (326,486) (310,003)
Accumulated other comprehensive (loss) income (185) 224
Total stockholders’ equity 214,315 225,689
Total liabilities and stockholders’ equity $ 237,539 $ 252,152