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Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 113,345 $ 292,423
Short term investments 600,325 403,329
Accounts receivable   1,029
Prepaid expenses and other current assets 12,734 11,370
Total current assets 726,404 708,151
Property and equipment, net 3,701 3,877
Right-of-use asset 27,338 27,774
Other assets 971 971
Total assets 758,414 740,773
Current liabilities    
Accounts payable 1,161 762
Accrued compensation 2,039 4,819
Accrued expenses and other current liabilities 11,509 12,721
Deferred revenue 1,146 1,298
Lease liabilities, current portion 3,485 3,217
Total current liabilities 19,340 22,817
Deferred revenue, non-current 15,479 15,667
Lease liabilities, net of current portion 25,978 26,321
Total liabilities 60,797 64,805
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock-$0.0001 par value; 40,000,000 shares authorized at March 31, 2023 and December 31, 2022; No shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock-$0.0001 par value; 400,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 47,715,121 shares and 46,845,573 shares issued at March 31, 2023 and December 31, 2022, respectively; 47,714,178 shares and 46,841,661 shares outstanding at March 31, 2023 and December 31, 2022, respectively; 5 5
Additional paid-in capital 1,069,813 1,007,485
Accumulated other comprehensive loss (232) (429)
Accumulated deficit (371,969) (331,093)
Total stockholders’ equity 697,617 675,968
Total liabilities and stockholders’ equity $ 758,414 $ 740,773