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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 41,611 $ 60,816
Short-term investments, available-for-sale 175,346 177,272
Prepaid expenses and other current assets 6,261 7,692
Total current assets 223,218 245,780
Restricted cash 2,098 2,098
Property and equipment, net 14,053 12,856
Operating lease right-of-use assets 65,469 11,678
Other long-term assets 1,461 1,491
Total assets 306,299 273,903
Current liabilities    
Accounts payable 2,016 1,112
Operating lease liabilities, current portion 2,505 2,484
Accrued and other current liabilities 6,321 9,347
Total current liabilities 10,842 12,943
Operating lease liabilities, net of current portion 66,740 9,975
Other long-term liabilities 11 18
Total liabilities 77,593 22,936
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock 3 3
Additional paid-in capital 459,392 455,210
Accumulated other comprehensive loss (606) 150
Accumulated deficit (230,083) (204,096)
Total stockholders’ equity 228,706 250,967
Total liabilities and stockholders’ equity $ 306,299 $ 273,903