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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 115,698 $ 106,092
Short-term investments 86,872 127,703
Interest receivable 244 157
Prepaid expenses and other current assets 7,461 7,100
Prepaid expenses to related party 2,000 2,000
Total current assets 212,275 243,052
Restricted cash 852 852
Other assets 490 612
Property and equipment, net 844 930
Operating lease right-of-use assets 29,583 31,633
Total assets 244,044 277,079
Current liabilities:    
Accounts payable 4,134 3,004
Accrued expenses 12,289 13,985
Income tax payable 130 128
Operating lease liability, current 8,270 7,165
Amount due to related party 136 56
Total current liabilities 24,959 24,338
Operating lease liability, long term 25,553 28,222
Total liabilities 50,512 52,560
Stockholders’ equity:    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized at March 31, 2023 and December 31, 2022, respectively; 0 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively
Common stock, $0.0001 par value: 150,000,000 shares authorized at March 31, 2023 and December 31, 2022, respectively; 93,517,750 and 93,268,069 shares issued at March 31, 2023 and December 31, 2022, respectively; and 93,427,990 and 93,093,243 shares outstanding at March 31, 2023 and December 31, 2022, respectively 9 9
Additional paid-in capital 700,782 690,753
Accumulated other comprehensive loss (301) (468)
Accumulated deficit (506,958) (465,775)
Total stockholders’ equity 193,532 224,519
Total liabilities and stockholders’ equity $ 244,044 $ 277,079