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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 532,220 $ 542,224
Marketable securities 0 49,194
Prepaid expenses and other current assets 22,081 25,293
Total current assets 554,301 616,711
Property and equipment, net 87 83
Operating lease right-of-use asset 1,648 0
Other non-current assets 237 3,297
Total assets 556,273 620,091
Current liabilities:    
Accounts payable 18,682 5,783
Accrued expenses 76,537 56,277
Operating lease liability, current 315 0
Total current liabilities 95,534 62,060
Early-exercise liability 3 6
Operating lease liability, non-current 1,344 0
Other non-current liability 0 6
Total liabilities 96,881 62,072
Commitments and contingencies (Note 8)
Preferred stock:    
Preferred stock (undesignated), $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding at March 31, 2022 and December 31 2021 0 0
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, 109,675,173 shares issued and outstanding at March 31, 2022; 1,000,000,000 shares authorized, 111,251,660 shares issued and 110,782,909 shares outstanding at December 31, 2021 11 11
Treasury stock, at cost; 0 shares and 468,751 shares at March 31, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 852,156 850,125
Accumulated other comprehensive income 0 (8)
Accumulated deficit (392,775) (292,109)
Total stockholders' equity (deficit) 459,392 558,019
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 556,273 $ 620,091