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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
[1]
Current assets    
Cash and cash equivalents $ 50,819 $ 50,882
Short-term investments 213,281 226,012
Accounts receivable 2,174 9,279
Tax credit receivable 83 83
Prepaid expenses and other current assets 4,180 4,498
Total current assets 270,537 290,754
Property and equipment, net 4,266 4,321
Other non-current assets 451 451
Total assets 275,254 295,526
Current liabilities    
Accounts payable 2,886 2,023
Accrued liabilities 7,364 9,576
Total current liabilities 10,250 11,599
Other long-term liabilities 835 866
Total liabilities 11,085 12,465
Stockholders’ equity    
Common stock, $0.0001 par value; 300,000,000 shares authorized at March 31, 2021 and December 31, 2020; and 35,748,336 and 35,552,795 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively; 3 3
Additional paid-in capital 404,868 400,918
Accumulated deficit (140,684) (117,828)
Accumulated other comprehensive loss (18) (32)
Total stockholders’ equity 264,169 283,061
Total liabilities and stockholders’ equity $ 275,254 $ 295,526
[1] The condensed balance sheet as of December 31, 2020 has been derived from the audited financial statements as of that date.