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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 196,954 $ 106,092
Short-term investments 49,582 127,703
Interest receivable 106 157
Prepaid expenses and other current assets 4,737 7,100
Prepaid expenses to related party 1,533 2,000
Total current assets 252,912 243,052
Restricted cash 852 852
Other assets 684 612
Property and equipment, net 759 930
Operating lease right-of-use assets 27,485 31,633
Total assets 282,692 277,079
Current liabilities:    
Accounts payable 5,164 3,004
Accrued expenses 16,728 13,985
Income tax payable 127 128
Operating lease liability, current 8,483 7,165
Amount due to related party 61 56
Total current liabilities 30,563 24,338
Operating lease liability, long term 23,016 28,222
Total liabilities 53,579 52,560
Stockholders’ equity:    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized at June 30, 2023 and December 31, 2022, respectively; 0 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively
Common stock, $0.0001 par value: 300,000,000 and 150,000,000 shares authorized at June 30, 2023 and December 31, 2022, respectively; 113,729,743 and 93,268,069 shares issued at June 30, 2023 and December 31, 2022, respectively; and 113,716,018 and 93,093,243 shares outstanding at June 30, 2023 and December 31, 2022, respectively 11 9
Additional paid-in capital 781,552 690,753
Accumulated other comprehensive loss (225) (468)
Accumulated deficit (552,225) (465,775)
Total stockholders’ equity 229,113 224,519
Total liabilities and stockholders’ equity $ 282,692 $ 277,079