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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 30,355 $ 51,426
Accounts receivable 750 0
Short-term investments 286,520 275,590
Prepaid expenses and other current assets 3,774 5,423
Total current assets 321,399 332,439
Restricted cash 816 816
Property and equipment, net 7,203 7,086
Operating lease right-of-use assets 21,927 22,279
Other long-term assets 1,611 1,390
Total assets 352,956 364,010
Current liabilities:    
Accounts payable 2,051 2,159
Accrued liabilities 7,737 8,010
Current portion of deferred revenue 4,935 5,406
Unvested stock liabilities 35 169
Current portion of operating lease liabilities 1,356 763
Total current liabilities 16,114 16,507
Deferred revenue, net of current portion 1,394 2,221
Operating lease liabilities, net of current portion 24,184 24,542
Total liabilities 41,692 43,270
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares -10,000,000 at March 31, 2023 and December 31, 2022, respectively; no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.001 par value; authorized shares - 200,000,000 at March 31, 2023 and December 31, 2022, respectively; issued shares - 41,833,315 and 41,684,666 at March 31, 2023 and December 31, 2022, respectively; outstanding shares - 41,802,807 and 41,616,260 at March 31, 2023 and December 31, 2022, respectively 42 42
Additional paid-in capital 439,890 432,703
Accumulated other comprehensive loss (739) (1,535)
Accumulated deficit (127,929) (110,470)
Total stockholders' equity 311,264 320,740
Total liabilities and stockholders' equity $ 352,956 $ 364,010