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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 27,489 $ 29,519
Short-term investments 92,723 98,232
Prepaid expenses and other current assets 3,751 4,344
Total current assets 123,963 132,095
Property and equipment, net 1,992 2,092
Operating lease right-of-use assets 4,579 4,770
Long-term investments 39,275 41,881
Restricted cash 388 388
Total assets 170,197 181,226
Current liabilities:    
Accounts payable 1,374 904
Accrued expenses and other current liabilities 3,568 4,886
Operating lease liabilities, current 740 726
Total current liabilities 5,682 6,516
Operating lease liabilities, long-term 4,046 4,235
Total liabilities 9,728 10,751
Commitments and contingencies (Note 12)
Stockholders’ deficit:    
Common stock, par value $0.001; 500,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 21,920,634 and 21,920,402 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively. 22 22
Additional paid-in capital 229,226 226,580
Accumulated other comprehensive gain (loss) 9 (95)
Accumulated deficit (68,788) (56,032)
Total stockholders' equity 160,469 170,475
Total liabilities and stockholders' equity $ 170,197 $ 181,226