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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 278,132,000 $ 288,877,000
Prepaid expenses and other current assets 2,233,000 3,958,000
Total current assets 280,365,000 292,835,000
Restricted cash 441,000 441,000
Property and equipment, net 193,000 35,000
Right of use asset 4,097,000 4,327,000
Other assets, noncurrent 726,000 1,037,000
Total assets 285,822,000 298,675,000
Current liabilities:    
Accounts payable 1,343,000 2,087,000
Accrued expenses and other current liabilities 2,187,000 3,181,000
Operating lease liability, current 693,000 385,000
Total current liabilities 4,223,000 5,653,000
Operating lease liability, noncurrent 3,591,000 3,954,000
Total liabilities 7,814,000 9,607,000
Commitments and contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.0001 par value, 500,000,000 shares authorized at December 31, 2022 and June 30, 2023; 39,377,222 and 39,628,764 shares issued and outstanding at December 31, 2022 and June 30, 2023, respectively 4,000 4,000
Additional paid-in capital 378,045,000 372,460,000
Accumulated deficit (100,041,000) (83,396,000)
Total stockholders' equity 278,008,000 289,068,000
Total liabilities and stockholders 'equity $ 285,822,000 $ 298,675,000