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Unaudited Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 227,034 $ 257,254
Accounts receivable 1,288 1,079
Prepaid expenses and other current assets 6,662 7,050
Total current assets 234,984 265,383
Property and equipment, net 2,453 1,447
Deferred financing costs 565  
Right-of-use asset 14,608  
Other assets 971 971
Total assets 253,581 267,801
Current liabilities    
Accounts payable 1,812 1,153
Accrued compensation 1,616 5,378
Accrued expenses and other current liabilities 10,488 6,050
Payable to PLI 385 193
Deferred revenue 2,132 3,668
Lease liabilities, current portion 891  
Total current liabilities 17,324 16,442
Deferred revenue, non-current 15,802 16,204
Lease liabilities, net of current portion 13,732  
Total liabilities 46,858 32,646
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock—$0.0001 par value; 40,000,000 shares authorized at March 31, 2022 and December 31, 2021; No shares issued and outstanding at March 31, 2022 and December 31, 2021
Common stock—$0.0001 par value; 400,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 39,103,107 shares and 38,960,716 shares issued at March 31, 2022 and December 31, 2021, respectively; 39,089,812 shares and 38,943,110 shares outstanding at March 31, 2022 and December 31, 2021, respectively; 4 4
Additional paid-in capital 428,126 424,492
Accumulated deficit (221,407) (189,341)
Total stockholders’ equity 206,723 235,155
Total liabilities and stockholders’ equity $ 253,581 $ 267,801