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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 46,006 $ 36,015
Short-term investments 134,531 91,443
Prepaid expenses and other current assets 1,821 2,234
Total current assets 182,358 129,692
Property and equipment, net 3,467 3,479
Operating lease right-of-use assets 3,976 4,429
Long-term investments 39,895  
Restricted cash 421 414
Deferred offering costs 468 251
Total assets 230,585 138,265
Current liabilities:    
Accounts payable 1,261 5,048
Accrued expenses and other current liabilities 9,045 7,378
Operating lease liabilities, current 978 877
Total current liabilities 11,284 13,303
Operating lease liabilities, long-term 3,243 3,767
Total liabilities 14,527 17,070
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Common stock, $0.001 par value; 500,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 30,966,255 and 22,522,644 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively. 31 23
Additional paid-in capital 367,750 237,675
Accumulated other comprehensive loss (19) (83)
Accumulated deficit (151,704) (116,420)
Total stockholders' equity 216,058 121,195
Total liabilities and stockholders' equity $ 230,585 $ 138,265