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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 109,747 $ 15,566
Marketable securities, available for sale 255,075 265,223
Prepaid expenses and other assets 5,317 2,984
Total current assets 370,139 283,773
Property and equipment, net 5,428 912
Operating lease right-of-use asset 1,322  
Other non-current assets 264 548
Total assets 377,153 285,233
Current liabilities    
Accounts payable 5,757 3,843
Accrued compensation 2,704 2,797
Accrued other expenses 4,626 3,881
Short term debt 7  
Operating lease liability, current portion 209  
Total current liabilities 13,303 10,521
Long term debt, net 59  
Operating lease liability, net of current portion 2,387  
Other long term liabilities   329
Total liabilities 15,749 10,850
Commitments and contingencies (see note 5)
Stockholders' equity:    
Preferred stock, $.0001 par value per share; 200,000,000 shares authorized as of September 30, 2022 and December 31, 2021, respectively; no shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Common stock, $.0001 par value per share; 1,000,000,000 shares authorized, 63,208,828 shares and 49,500,308 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 6 5
Additional paid-in capital 488,762 351,852
Accumulated other comprehensive loss (2,179) (514)
Accumulated deficit (125,185) (76,960)
Total stockholders' equity 361,404 274,383
Total liabilities and stockholders' equity $ 377,153 $ 285,233