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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 121,947 $ 92,076
Marketable securities 176,483 279,915
Prepaid expenses and other current assets 11,556 4,926
Total current assets 309,986 376,917
Property and equipment, net 2,123 2,282
Operating lease right-of-use asset 3,014 3,777
Other non-current assets 291 191
Total assets 315,414 383,167
Current liabilities:    
Accounts payable 4,112 1,517
Accrued expenses 26,744 21,911
Operating lease liability, current 1,611 1,559
Other current liabilities 38 44
Total current liabilities 32,505 25,031
Operating lease liability, non-current 1,346 2,165
Early-exercise liability 0 1
Total liabilities 33,851 27,197
Commitments and contingencies (Note 9)
Stockholders' equity (deficit):    
Preferred stock (undesignated), $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, 109,570,333 shares issued and outstanding at June 30, 2023; 109,044,046 shares issued and outstanding at December 31, 2022 11 11
Additional paid-in capital 900,549 889,657
Accumulated other comprehensive loss (22) (272)
Accumulated deficit (618,975) (533,426)
Total stockholders' equity 281,563 355,970
Total liabilities, preferred stock and stockholders' equity $ 315,414 $ 383,167