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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 17,152 $ 51,426
Short-term investments 332,560 275,590
Prepaid expenses and other current assets 5,483 5,423
Total current assets 355,195 332,439
Restricted cash 816 816
Property and equipment, net 7,317 7,086
Operating lease right-of-use assets 21,208 22,279
Other long-term assets 2,314 1,390
Total assets 386,850 364,010
Current liabilities:    
Accounts payable 2,505 2,159
Accrued liabilities 6,831 8,010
Current portion of deferred revenue 3,648 5,406
Unvested stock liabilities 25 169
Current portion of operating lease liabilities 1,462 763
Total current liabilities 14,471 16,507
Deferred revenue, net of current portion 0 2,221
Operating lease liabilities, net of current portion 23,431 24,542
Total liabilities 37,902 43,270
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares -10,000,000 at September 30, 2023 and December 31, 2022, respectively; no shares issued and outstanding at September 30, 2023 and December 31, 2022
Common stock, $0.001 par value; authorized shares - 200,000,000 at September 30, 2023 and December 31, 2022, respectively; issued shares - 46,168,430 and 41,684,666 at September 30, 2023 and December 31, 2022, respectively; outstanding shares - 46,151,427 and 41,616,260 at September 30, 2023 and December 31, 2022,respectively 46 42
Additional paid-in capital 507,082 432,703
Accumulated other comprehensive loss (1,175) (1,535)
Accumulated deficit (157,005) (110,470)
Total stockholders' equity 348,948 320,740
Total liabilities and stockholders' equity $ 386,850 $ 364,010