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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 69,811 $ 47,730
Investments in marketable securities, current 194,285 220,499
Prepaid expenses and other current assets 6,211 7,136
Total current assets 270,307 275,365
Restricted cash 1,716 1,716
Investments in marketable securities, non-current 0 15,322
Property and equipment, net 33,070 22,630
Operating lease right-of-use assets 4,014 5,580
Other assets 889 1,289
Total assets 309,996 321,902
Current liabilities:    
Accounts payable 1,992 2,608
Accrued compensation 1,314 3,799
Accrued research costs 596 720
Accrued expenses and other current liabilities 7,317 1,871
Operating lease liabilities, current 3,122 4,045
Total current liabilities 14,341 13,043
Operating lease liabilities, non-current 1,419 1,749
Other long- term liabilities 18,012 10,819
Total liabilities 33,772 25,611
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized as of March 31, 2023 and December 31, 2022; and no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.00001 par value, 300,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 58,194,818 and 58,221,760 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 1 1
Additional paid-in-capital 543,029 539,741
Accumulated other comprehensive loss (469) (1,048)
Accumulated deficit (266,337) (242,403)
Total stockholders’ equity 276,224 296,291
Total liabilities and stockholders’ equity $ 309,996 $ 321,902