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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 24,607 $ 36,015
Short-term investments 85,368 91,443
Prepaid expenses and other current assets 2,168 2,234
Total current assets 112,143 129,692
Property and equipment, net 3,408 3,479
Operating lease right-of-use assets 4,205 4,429
Restricted cash 417 414
Deferred offering costs 348 251
Total assets 120,521 138,265
Current liabilities:    
Accounts payable 2,056 5,048
Accrued expenses and other current liabilities 6,041 7,378
Operating lease liabilities, current 944 877
Total current liabilities 9,041 13,303
Operating lease liabilities, long-term 3,501 3,767
Total liabilities 12,542 17,070
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Common stock, par value $0.001; 500,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 22,637,539 and 22,522,644 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. 23 23
Additional paid-in capital 240,932 237,675
Accumulated other comprehensive loss (70) (83)
Accumulated deficit (132,906) (116,420)
Total stockholders' equity 107,979 121,195
Total liabilities and stockholders' equity $ 120,521 $ 138,265