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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 122,661 $ 61,084
Short-term investments 233,663 64,993
Accrued interest 450 262
Unbilled grant receivables   298
Prepaid expenses and other current assets 4,543 676
Total current assets 361,317 127,313
Property and equipment, net 812 350
Operating lease right-of-use assets 8,692 11,759
Total assets 370,821 139,422
Current liabilities:    
Accounts payable 963 630
Accrued expenses 7,530 5,163
Operating lease liability, current 3,229 3,067
Amount due to related party 572 246
Total current liabilities 12,294 9,106
Operating lease liability, long term 5,463 8,692
Total liabilities 17,757 17,798
Preferred stock    
Preferred stock, value   173,127
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value: 10,000,000 and 0 shares authorized at December 31, 2020 and 2019, respectively; 0 shares issued and outstanding at December 31, 2020 and 2019, respectively;
Common stock, $0.0001 par value: 150,000,000 and 90,000,000 shares authorized at December 31, 2020 and 2019, respectively; 65,106,873 and 6,502,929 shares issued at December 31, 2020 and 2019, respectively; and 61,931,255 and 2,099,740 shares outstanding at December 31, 2020 and 2019, respectively 7  
Additional paid-in capital 478,272 3,748
Accumulated other comprehensive (loss) income (112) 68
Accumulated deficit (125,103) (55,319)
Total stockholders’ equity (deficit) 353,064 (51,503)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 370,821 139,422
Series B Preferred Stock    
Preferred stock    
Preferred stock, value   120,923
Series A Preferred Stock    
Preferred stock    
Preferred stock, value   $ 52,204