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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 47,730 $ 376,976
Investments in marketable securities, current 220,499 0
Prepaid expenses and other current assets 7,136 4,760
Total current assets 275,365 381,736
Restricted cash 1,716 1,716
Investments in marketable securities, non-current 15,322 0
Property, plant and equipment, net 22,630 6,507
Operating lease right-of-use assets 5,580 11,574
Other assets 1,289 454
Total assets 321,902 401,987
Current liabilities:    
Accounts payable 2,608 2,453
Accrued compensation 3,799 2,689
Accrued research costs 720 633
Accrued expenses and other current liabilities 1,871 886
Operating lease liabilities, current 4,045 5,482
Total current liabilities 13,043 12,143
Non-current operating lease liabilities 1,749 5,794
Other liabilities 10,819 0
Total liabilities 25,611 17,937
Commitments and contingencies (Note 7)
Stockholders’ equity (deficit):    
Preferred stock, $0.00001 par value, 10,000,000 and zero shares authorized as of December 31, 2021 and 2020, respectively; and no shares issued and outstanding as of December 31, 2021 and 2020, respectively; 0 0
Common stock, $0.00001 par value, 300,000,000 and 80,000,000 shares authorized as of December 31, 2021 and 2020, respectively; 58,010,823 and 10,279,102 shares issued and outstanding as of December 31, 2021 and 2020, respectively 1 1
Additional paid-in-capital 539,741 525,400
Accumulated other comprehensive loss (1,048) 0
Accumulated deficit (242,403) (141,351)
Total stockholders’ equity (deficit) 296,291 384,050
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit) $ 321,902 $ 401,987