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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 234,207 $ 249,773
Short-term marketable securities 315,803 101,676
Prepaid expenses and other current assets 9,952 3,724
Total current assets 559,962 355,173
Long-term marketable securities 19,283  
Property and equipment, net 18 47
Right of use asset 1,008 1,242
Other assets, noncurrent   108
Total assets 580,271 356,570
Current liabilities:    
Accounts payable 7,038 7,968
Accrued expenses and other current liabilities 12,090 11,115
Total current liabilities 19,128 19,083
Loan payable, noncurrent 24,964 9,541
Warrant liability 54 305
Operating lease liability, noncurrent 819 1,079
Total liabilities 44,965 30,008
Commitments and contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.0001 par value, 150,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 55,754,445 and 46,865,206 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 6 5
Additional paid-in capital 1,109,126 748,857
Accumulated other comprehensive income 270 37
Accumulated deficit (574,096) (422,337)
Total stockholders' equity 535,306 326,562
Total liabilities and stockholders' equity $ 580,271 $ 356,570