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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
[1]
Current assets    
Cash and cash equivalents $ 44,617 $ 51,665
Short-term investments 315,624 148,931
Accounts receivable 1,482 1,998
Tax credit receivable 83 83
Prepaid expenses and other current assets 4,159 6,764
Total current assets 365,965 209,441
Property and equipment, net 4,799 4,606
Operating lease right-of-use assets 6,020 6,330
Other non-current assets 397 838
Total assets 377,181 221,215
Current liabilities    
Accounts payable 3,206 2,971
Accrued liabilities (Note 6) 20,306 11,991
Lease liabilities, current 2,649 1,869
Total current liabilities 26,161 16,831
Lease liabilities, non-current 4,126 5,325
Term loan 9,900 0
Total liabilities 40,187 22,156
Stockholders’ equity    
Common stock, $0.0001 par value; 300,000,000 shares authorized at September 30, 2022 and December 31, 2021; and 48,749,842 and 36,083,301 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively; 5 3
Additional paid-in capital 642,795 414,348
Accumulated deficit (303,352) (215,091)
Accumulated other comprehensive loss (2,454) (201)
Total stockholders’ equity 336,994 199,059
Total liabilities and stockholders’ equity $ 377,181 $ 221,215
[1] The condensed balance sheet as of December 31, 2021 has been derived from the audited financial statements as of that date.