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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 71,172 $ 186,816
Restricted cash 21 164
Short-term investments 88,172 3,918
Other current assets 8,320 13,526
Total current assets 167,685 204,424
Operating lease right-of-use assets 8,441 8,789
Property and equipment, net 5,781 6,180
Long-term investments 0 15,110
Other assets 616 866
Total assets 182,523 235,369
Current liabilities:    
Accounts payable 2,762 3,015
Accrued liabilities 12,824 25,394
Operating lease liabilities, current 2,796 2,769
Finance lease liabilities, current 138 138
Deferred revenue from collaborations, current 13,133 7,641
Total current liabilities 31,653 38,957
Operating lease liabilities, net of current portion 10,302 11,287
Finance lease liabilities, net of current portion 201 261
Other liabilities 133 133
Deferred revenue from collaborations, net of current portion 3,253  
Total liabilities 45,542 50,638
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2022 (unaudited) and December 31, 2021, respectively; no shares issued and outstanding as of March 31, 2022 (unaudited) and December 31, 2021, respectively.
Common stock, $0.0001 par value; 320,000,000 shares authorized as of March 31, 2022 (unaudited) and December 31, 2021, respectively; 42,695,195 and 42,690,229 shares issued and outstanding as of March 31, 2022 (unaudited) and December 31, 2021, respectively. 4 4
Additional paid-in capital 495,538 487,347
Accumulated deficit (358,611) (303,072)
Accumulated other comprehensive loss 50 452
Total stockholders’ equity 136,981 184,731
Total liabilities and stockholders’ equity $ 182,523 $ 235,369