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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 32,616 $ 27,219
Short-term investments 91,202 68,840
Prepaid expenses and other current assets 2,591 2,509
Right-of-use asset, net   53
Total current assets 126,409 98,621
Long-term investments 26,356 3,219
Other assets, long-term 1,043 720
Total assets 153,808 102,560
Current liabilities:    
Accounts payable 4,877 2,122
Accrued compensation 2,196 2,168
Accrued liabilities 6,790 2,837
Other current liabilities 973  
Operating lease liabilities   53
Options subject to repurchase, short-term 3 6
Total current liabilities 14,839 7,186
Options subject to repurchase, long-term   2
Total liabilities 14,839 7,188
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized at September 30, 2023 and December 31, 2022; no shares issued and outstanding at September 30, 2023 and December 31, 2022
Common stock, $0.00001 par value; 500,000,000 shares authorized at September 30, 2023 and December 31, 2022; 29,741,445 and 19,402,658 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively
Additional paid-in capital 276,648 185,469
Accumulated other comprehensive loss (122) (374)
Accumulated deficit (137,557) (89,723)
Total stockholders' equity 138,969 95,372
Total liabilities and stockholders' equity $ 153,808 $ 102,560