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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 40,616 $ 12,097
Short-term investments 72,773 46,458
Prepaid expenses and other current assets 3,475 1,551
Right-of-use asset, net 13  
Total current assets 116,877 60,106
Deferred offering costs   1,724
Long-term investments 2,419 3,486
Other assets, long-term 720  
Total assets 120,016 65,316
Current liabilities:    
Accounts payable 1,612 1,063
Accrued compensation 713 916
Accrued liabilities 1,802 1,399
Operating lease liabilities 13  
Options subject to repurchase, short-term 9 17
Total current liabilities 4,149 3,395
Options subject to repurchase, long-term 4 13
Total liabilities 4,153 3,408
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock: $0.00001 par value; 0 and 11,409,536 shares authorized at June 30, 2022 and December 31, 2021, respectively, 0 and 11,409,488 shares issued and outstanding at June 30, 2022 and December 31, 2021; aggregate liquidation preference $0 and $103,064 at June 30, 2022 and December 31, 2021, respectively   109,319
Stockholders' equity (deficit):    
Preferred stock, $0.00001 par value; 10,000,000 and 0 shares authorized at June 30, 2022 and December 31, 2021, respectively; no shares issued and outstanding at June 30, 2022 and December 31, 2021
Common stock, $0.00001 par value; 500,000,000 and 17,166,642 shares authorized at June 30, 2022 and December 31, 2021, respectively; 19,402,658 and 2,730,298 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Additional paid-in capital 182,765  
Accumulated other comprehensive loss (360) (27)
Accumulated deficit (66,542) (47,384)
Total stockholders' equity (deficit) 115,863 (47,411)
Total liabilities, redeemable convertible preferred stock, and stockholders' equity 120,016 65,316
Redeemable Convertible Preferred Stock    
Current liabilities:    
Redeemable convertible preferred stock: $0.00001 par value; 0 and 11,409,536 shares authorized at June 30, 2022 and December 31, 2021, respectively, 0 and 11,409,488 shares issued and outstanding at June 30, 2022 and December 31, 2021; aggregate liquidation preference $0 and $103,064 at June 30, 2022 and December 31, 2021, respectively $ 109,319