XML 8 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 212,803 $ 19,205
Accounts receivable 519 0
Short-term investments 438,960 324,823
Prepaid expenses and other current assets 6,384 5,213
Total current assets 658,666 349,241
Restricted cash 816 816
Property and equipment, net 6,517 7,003
Operating lease right-of-use assets 20,461 20,838
Other long-term assets 2,524 2,509
Total assets 688,984 380,407
Current liabilities:    
Accounts payable 2,254 2,424
Accrued expenses 5,810 7,387
Current portion of deferred revenue 972 1,705
Current portion of operating lease liabilities 1,573 1,517
Total current liabilities 10,609 13,033
Operating lease liabilities, net of current portion 22,612 23,025
Total liabilities 33,221 36,058
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares -10,000,000 at March 31, 2024 and December 31, 2023, respectively; no shares issued and outstanding at March 31, 2024 and December 31, 2023
Common stock, $0.001 par value; authorized shares - 200,000,000 at March 31, 2024 and December 31, 2023, respectively; issued shares - 51,846,342 and 46,262,759 at March 31, 2024 and December 31, 2023, respectively; outstanding shares - 51,840,571 and 46,252,440 at March 31, 2024 and December 31, 2023, respectively 51 46
Additional paid-in capital 839,759 512,401
Accumulated other comprehensive income (loss) (524) 665
Accumulated deficit (183,523) (168,763)
Total stockholders' equity 655,763 344,349
Total liabilities and stockholders' equity $ 688,984 $ 380,407