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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 350,930 $ 55,255
Short-term available-for-sale securities 129,953 132,905
Prepaid and other current assets 12,747 7,920
Total current assets 493,630 196,080
Operating lease right-of-use asset 322 363
Property and equipment, net 78 92
Other assets 289 289
Total assets 494,319 196,824
Current liabilities:    
Accounts payable 16,727 12,502
Accrued expenses 7,117 11,944
Operating lease liability, current 171 168
Total current liabilities 24,015 24,614
Operating lease liability, non-current 142 186
Term loan, non-current, net 24,332 20,192
Total liabilities 48,489 44,992
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock 73 51
Additional paid-in capital 790,076 467,374
Accumulated other comprehensive loss (240) (350)
Accumulated deficit (344,079) (315,243)
Total stockholders’ equity 445,830 151,832
Total liabilities and stockholders’ equity $ 494,319 $ 196,824