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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 14,715 $ 12,881
Accounts receivable 122 40
Prepaid expenses and other current assets 6,559 18,483
Short-term investments 126,703 150,297
Assets held for sale 5,973 0
Total current assets 154,072 181,701
Property and equipment, net 12,701 9,987
Operating lease right-of-use assets 6,992 7,070
Other assets 1,360 1,439
Long-term investments 122,529 128,186
Total assets 297,654 328,383
Current liabilities    
Accounts payable 2,119 4,224
Current portion of operating lease liabilities 1,436 847
Accrued expenses and other current liabilities 6,948 10,051
Total current liabilities 10,503 15,122
Operating lease liabilities, net of current portion 6,207 6,792
Other liabilities 534 203
Total liabilities 17,244 22,117
Commitments and contingencies (Note 9)
Stockholders’ equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 184,016,695 and 183,071,317 shares issued at March 31, 2024 and December 31, 2023, respectively; 175,304,238 and 183,034,255 shares outstanding as of March 31, 2024 and December 31, 2023, respectively 18 18
Additional paid-in capital 405,118 404,045
Treasury stock, at cost; 8,712,457 and 37,062 shares as of March 31, 2024 and December 31, 2023, respectively (11,370) (33)
Accumulated deficit (113,356) (97,764)
Total stockholders’ equity 280,410 306,266
Total liabilities and stockholders’ equity $ 297,654 $ 328,383