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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 38,262 $ 37,494
Short-term investments 237,351 314,649
Prepaid expenses and other current assets 5,575 8,545
Total current assets 281,188 360,688
Restricted cash 2,743 2,743
Property and equipment, net 77,687 61,908
Operating lease right-of-use assets 40,519 45,749
Other long-term assets 3,727 1,850
Total assets 405,864 472,938
Current liabilities    
Accounts payable 4,284 1,761
Operating lease liabilities, current portion 6,057 4,249
Accrued and other current liabilities 15,299 16,036
Total current liabilities 25,640 22,046
Operating lease liabilities, net of current portion 83,408 78,685
Total liabilities 109,048 100,731
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock 5 5
Additional paid-in capital 704,900 690,814
Accumulated other comprehensive loss (409) (679)
Accumulated deficit (407,680) (317,933)
Total stockholders’ equity 296,816 372,207
Total liabilities and stockholders’ equity $ 405,864 $ 472,938