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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 33,703 $ 51,426
Short-term investments 269,586 275,590
Prepaid expenses and other current assets 6,013 5,423
Total current assets 309,302 332,439
Restricted cash 816 816
Property and equipment, net 7,378 7,086
Operating lease right-of-use assets 21,571 22,279
Other long-term assets 2,433 1,390
Total assets 341,500 364,010
Current liabilities:    
Accounts payable 1,910 2,159
Accrued liabilities 9,216 8,010
Current portion of deferred revenue 5,340 5,406
Unvested stock liabilities 30 169
Current portion of operating lease liabilities 1,408 763
Total current liabilities 17,904 16,507
Deferred revenue, net of current portion 307 2,221
Operating lease liabilities, net of current portion 23,820 24,542
Total liabilities 42,031 43,270
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares -10,000,000 at June 30, 2023 and December 31, 2022, respectively; no shares issued and outstanding at June 30, 2023 and December 31, 2022
Common stock, $0.001 par value; authorized shares - 200,000,000 at June 30, 2023 and December 31, 2022, respectively; issued shares - 41,891,226 and 41,684,666 at June 30, 2023 and December 31, 2022, respectively; outstanding shares - 41,867,536 and 41,616,260 at June 30, 2023 and December 31, 2022, respectively 42 42
Additional paid-in capital 445,924 432,703
Accumulated other comprehensive loss (1,060) (1,535)
Accumulated deficit (145,437) (110,470)
Total stockholders' equity 299,469 320,740
Total liabilities and stockholders' equity $ 341,500 $ 364,010