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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 143,711 $ 157,531
Prepaid expenses and other current assets 1,725 3,537
Total current assets 145,436 161,068
Property and equipment, net 6,141 2,913
Restricted cash 1,208 1,208
Operating lease right of use asset 11,204 13,412
Other non-current assets 642 649
Total assets 164,631 179,250
Current liabilities:    
Accounts payable 1,381 2,037
Accrued expenses and other current liabilities 8,189 8,765
Operating lease liability, current 1,458 1,072
Total current liabilities 11,028 11,874
Operating lease liability, net of current portion 14,285 14,589
Total liabilities 25,313 26,463
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000 shares authorized at March 31, 2022 and December 31, 2021; no shares issued or outstanding as of March 31, 2022 or December 31, 2021 0 0
Common stock, $0.0001 par value, 200,000 shares authorized as of March 31, 2022 and December 31, 2021; 27,654 and 27,608 shares issued as of March 31, 2022 and December 31, 2021, respectively; 27,420 and 27,313 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 2 2
Additional paid-in capital 407,554 405,680
Accumulated deficit (268,238) (252,895)
Total stockholders’ equity 139,318 152,787
Total liabilities and stockholders’ equity $ 164,631 $ 179,250