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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 44,896 $ 51,992
Marketable securities 66,373 65,948
Prepaid expenses and other current assets 2,416 3,967
Total current assets 113,685 121,907
Property and equipment, net 1,426 1,745
Operating lease right-of-use assets 15,098 16,147
Financing lease right-of-use assets 34 49
Restricted cash 927 927
Other assets 103 83
Total assets 131,273 140,858
Current liabilities:    
Accounts payable 860 1,946
Contract liability 20,009  
Accrued expenses and other current liabilities 8,675 8,810
Operating lease liabilities 1,002 905
Total current liabilities 30,546 11,661
Operating lease liabilities, net of current portion 12,175 12,945
Total liabilities 42,721 24,606
Commitments and contingencies (Note 12)
Stockholders' equity:    
Undesignated preferred stock, $0.0001 par value, 10,000,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively; 537,634 shares issued and outstanding at September 30, 2024 and 0 share issued and outstanding at December 31, 2023
Common stock, $0.0001 par value; 150,000,000 shares authorized at September 30, 2024 and December 30, 2023; 39,710,322 shares issued as of September 30, 2024 and 35,929,035 shares issued as of December 31, 2023; and 39,665,999 shares outstanding as of September 30, 2024 and 35,884,712 shares outstanding as of December 31, 2023 4 4
Additional paid-in capital 371,635 339,025
Accumulated other comprehensive income (loss) 110 (5)
Accumulated deficit (283,197) (222,772)
Total stockholders' equity 88,552 116,252
Total liabilities and stockholders' equity $ 131,273 $ 140,858