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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 64,326 $ 75,973
Short-term investments 108,671 162,212
Prepaid expenses and other current assets 5,781 6,106
Total current assets 178,778 244,291
Long-term investments 1,989 9,762
Property and equipment, net 10,252 12,985
Operating lease right-of-use assets 19,657 24,707
Restricted cash 2,026 2,026
Other noncurrent assets 577 1,167
Total assets 213,279 294,938
Current liabilities    
Accounts payable 883 5,047
Accrued expenses 10,931 12,963
Current portion of operating lease liabilities 2,893 2,347
Current portion of deferred revenue 9,584 0
Current portion of other liabilities 404 1,129
Total current liabilities 24,695 21,486
Noncurrent operating lease liabilities 25,379 28,744
Deferred revenue, net of current portion 4,127 0
Other noncurrent liabilities 0 209
Total liabilities 54,201 50,439
Commitments and contingencies (Note 8)
Stockholder's equity    
Preferred stock, $0.001 par value; 10,000 authorized; no shares issued and outstanding
Common stock, $0.001 par value, 200,000 shares authorized as of December 31, 2023 and December 31, 2022; 58,946 and 56,967 shares issued and outstanding as of December 31, 2023 and 2022, respectively. 59 57
Additional paid-in capital 667,861 641,422
Accumulated deficit (508,861) (396,188)
Accumulated other comprehensive income (loss) 19 (792)
Total stockholders' equity 159,078 244,499
Total liabilities and stockholders’ equity $ 213,279 $ 294,938
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000