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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 243,187,000 $ 122,661,000
Short-term investments 32,654,000 233,663,000
Accrued interest 151,000 450,000
Prepaid expenses and other current assets 5,880,000 4,543,000
Total current assets 281,872,000 361,317,000
Restricted cash 852,000  
Other assets 1,206,000  
Property and equipment, net 1,113,000 812,000
Operating lease right-of-use assets 31,487,000 8,692,000
Total assets 316,530,000 370,821,000
Current liabilities:    
Accounts payable 133,000 963,000
Accrued expenses 15,798,000 7,530,000
Operating lease liability, current 6,297,000 3,229,000
Amount due to related party 1,945,000 572,000
Total current liabilities 24,173,000 12,294,000
Operating lease liability, long term 25,053,000 5,463,000
Total liabilities 49,226,000 17,757,000
Stockholders’ equity:    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized at June 30, 2021 and December 31, 2020, respectively; 0 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively
Common stock, $0.0001 par value: 150,000,000 shares authorized at September 30, 2021 and December 31, 2020, respectively; 65,142,679 and 65,106,873 shares issued at September 30, 2021 and December 31, 2020, respectively; and 63,177,928 and 61,931,255 shares outstanding at September 30, 2021 and December 31, 2020, respectively 7,000 7,000
Additional paid-in capital 506,554,000 478,272,000
Accumulated other comprehensive loss (133,000) (112,000)
Accumulated deficit (239,124,000) (125,103,000)
Total stockholders’ equity 267,304,000 353,064,000
Total liabilities and stockholders’ equity $ 316,530,000 $ 370,821,000