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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 53,008 $ 146,284
Marketable securities, available for sale 79,054  
Prepaid expenses and other current assets 2,187 3,140
Total current assets 134,249 149,424
Property and equipment, net 34 38
Other non-current assets 25 32
Total assets 134,308 149,494
Current liabilities:    
Accounts payable 882 5,648
Accrued expenses 9,553 3,141
Total current liabilities 10,435 8,789
Non-current liabilities:    
Restricted stock repurchase liability 7 8
Total liabilities 10,442 8,797
Commitments and contingencies (see note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2022 and December 31, 2021; no shares issued or outstanding as of March 31, 2022 and December 31, 2021, respectively
Common stock, $0.0001 par value; 500,000,000 shares authorized as of March 31, 2022 and December 31, 2021, respectively; 23,269,742 and 23,225,637 issued as of March 31, 2022 and December 31, 2021, respectively; 23,253,966 and 23,205,915 outstanding as of March 31, 2022 and December 31, 2021, respectively 2 2
Additional paid-in capital 196,529 195,881
Accumulated other comprehensive loss (204)  
Accumulated deficit (72,461) (55,186)
Total stockholders' equity 123,866 140,697
Total liabilities and stockholders' equity $ 134,308 $ 149,494