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Condensed Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19,205 $ 51,426
Short-term investments 324,823 275,590
Prepaid expenses and other current assets 5,213 5,423
Total current assets 349,241 332,439
Restricted cash 816 816
Property and equipment, net 7,003 7,086
Operating lease right-of-use assets 20,838 22,279
Other long-term assets 2,509 1,390
Total assets 380,407 364,010
Current liabilities:    
Accounts payable 2,424 2,159
Accrued expenses 7,387 8,179
Current portion of deferred revenue 1,705 5,406
Current portion of operating lease liabilities 1,517 763
Total current liabilities 13,033 16,507
Deferred revenue, net of current portion 0 2,221
Operating lease liabilities, net of current portion 23,025 24,542
Total liabilities 36,058 43,270
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares - 10,000,000 at December 31, 2023 and 2022, respectively; no shares issued and outstanding at December 31, 2023 and 2022
Common stock, $0.001 par value; authorized shares - 200,000,000 at December 31, 2023 and 2022, respectively; issued shares - 46,262,759 and 41,684,666 at December 31, 2023 and 2022, respectively; outstanding shares - 46,252,440 and 41,616,260 at December 31, 2023 and 2022, respectively 46 42
Additional paid-in capital 512,401 432,703
Accumulated other comprehensive income (loss) 665 (1,535)
Accumulated deficit (168,763) (110,470)
Total stockholders' equity 344,349 320,740
Total liabilities and stockholders' equity $ 380,407 $ 364,010