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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 14,105 $ 34,605
Investments 275,950 280,462
Prepaid expenses and other current assets 7,292 4,487
Total current assets 297,347 319,554
Property and equipment, net 791 385
Restricted cash 1,223 1,223
Right-of-use asset 13,798 8,402
Other non-current assets 100 106
Total assets 313,259 329,670
Current liabilities:    
Accounts payable 4,616 2,538
Accrued expenses and other current liabilities 14,088 11,680
Total current liabilities 18,704 14,218
Non-current operating lease liability 13,802 7,694
Total liabilities 32,506 21,912
Commitments and contingencies (Note 11) 0 0
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares and 10,000,000 shares authorized at March 31, 2021 and December 31, 2020, respectively; no shares issued or outstanding at March 31, 2021 and December 31, 2020 0 0
Common stock; $0.0001 par value; 500,000,000 shares authorized at March 31, 2021 and 500,000,000 shares authorized at December 31, 2020; 36,147,212 shares issued and outstanding at March 31, 2021 and 36,078,383 shares issued and outstanding at December 31, 2020 5 5
Additional paid-in capital 428,938 425,363
Accumulated other comprehensive income 335 614
Accumulated deficit (148,525) (118,224)
Total stockholders' equity 280,753 307,758
Total liabilities and stockholders' equity $ 313,259 $ 329,670