XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 102,527 $ 33,685 [1]
Short-term investments 474,787 297,502 [1]
Accounts receivable 3,297 1,983 [1]
Tax credit receivable 83 83 [1]
Prepaid expenses and other current assets 7,533 7,058 [1]
Total current assets 588,227 340,311 [1]
Property and equipment, net 4,197 4,486 [1]
Operating lease right-of-use assets 4,813 5,422 [1]
Other non-current assets 644 394 [1]
Total assets 597,881 350,613 [1]
Current liabilities    
Accounts payable 1,419 1,580 [1]
Accrued research and development 14,621 11,218
Accrued liabilities (Note 6) 4,733 8,658 [1]
Lease liabilities, current 2,380 2,457 [1]
Total current liabilities 23,153 23,913 [1]
Lease liabilities, non-current 2,850 3,429 [1]
Long-term debt (Note 7) 9,958 9,929 [1]
Total liabilities 35,961 37,271 [1]
Stockholders’ equity    
Common stock, $0.0001 par value; 300,000,000 shares authorized at March 31, 2023 and December 31, 2022; and 58,978,902 and 48,941,254 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively; 6 5 [1]
Additional paid-in capital 939,205 653,707 [1]
Accumulated deficit (375,960) (338,412) [1]
Accumulated other comprehensive loss (1,331) (1,958) [1]
Total stockholders’ equity 561,920 313,342 [1]
Total liabilities and stockholders’ equity $ 597,881 $ 350,613 [1]
[1] The condensed balance sheet as of December 31, 2022 has been derived from the audited financial statements as of that date.