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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 100,206 $ 201,661
Short-term investments 101,169 46,459
Interest receivable 172 50
Prepaid expenses and other current assets 4,894 5,178
Total current assets 206,441 253,348
Restricted cash 852 852
Other assets 979 1,102
Property and equipment, net 1,083 1,549
Operating lease right-of-use assets 21,735 29,743
Total assets 231,090 286,594
Current liabilities:    
Accounts payable 4,473 8,361
Accrued expenses 10,083 20,152
Income tax payable 507 1,007
Operating lease liability, current 2,356 6,591
Amount due to related party 1,220 1,742
Total current liabilities 18,639 37,853
Operating lease liability, long term 20,776 23,475
Total liabilities 39,415 61,328
Commitments and contingencies (See Note 5, Leases)
Stockholders’ equity:    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized at March 31, 2022 and December 31, 2021, respectively; 0 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively
Common stock, $0.0001 par value: 150,000,000 shares authorized at March 31, 2022 and December 31, 2021, respectively; 65,364,572 and 65,170,332 shares issued at March 31, 2022 and December 31, 2021, respectively; and 64,264,127 and 63,565,886 shares outstanding at March 31, 2022 and December 31, 2021, respectively 7 7
Additional paid-in capital 532,946 522,479
Accumulated other comprehensive loss (350) (155)
Accumulated deficit (340,928) (297,065)
Total stockholders’ equity 191,675 225,266
Total liabilities and stockholders’ equity $ 231,090 $ 286,594