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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 181,822 $ 92,076
Marketable securities 83,063 279,915
Prepaid expenses and other current assets 5,218 4,926
Total current assets 270,103 376,917
Property and equipment, net 2,002 2,282
Operating lease right-of-use asset 2,625 3,777
Other non-current assets 187 191
Total assets 274,917 383,167
Current liabilities:    
Accounts payable 9,168 1,517
Accrued expenses 15,958 21,911
Operating lease liability, current 1,638 1,559
Other current liabilities 27 44
Total current liabilities 26,791 25,031
Operating lease liability, non-current 927 2,165
Other non-current liability 700 0
Early-exercise liability 0 1
Total liabilities 28,418 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 September 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, 109,846,329 shares issued and outstanding at September 30, 2023; 109,044,046 shares issued and outstanding at December 31, 2022 11 11
Additional paid-in capital 904,905 889,657
Accumulated other comprehensive loss (2) (272)
Accumulated deficit (658,415) (533,426)
Total stockholders' equity 246,499 355,970
Total liabilities, preferred stock and stockholders' equity $ 274,917 $ 383,167