Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 53,888 $ 57,466
Investments 26,935 39,363
Prepaid expenses and other current assets 7,571 5,764
Total current assets 88,394 102,593
Operating lease right-of-use asset 1,298 1,712
Security deposits and leasehold improvements 200 201
TOTAL ASSETS 89,892 104,506
CURRENT LIABILITIES:    
Current portion of operating lease liabilities 442 406
Accounts payable 9,461 640
Accrued expenses and other current liabilities 16,559 20,189
Total current liabilities 26,462 21,235
NONCURRENT LIABILITIES:    
Noncurrent portion of operating lease liabilities 891 1,332
Total noncurrent liabilities 891 1,332
Total liabilities 27,353 22,567
STOCKHOLDERS' EQUITY:    
Common stock, $0.0001 par value; 100,000,000 shares authorized as of December 31, 2021 and December 31, 2020; 26,215,514 shares and 22,493,661 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively 3 2
Preferred stock, par value $0.0001; 10,000,000 shares authorized as of December 31, 2021 and December 31, 2020; 0 shares issued and outstanding as of December 31, 2021 and December 31, 2020
Additional paid-in capital 328,958 242,780
Accumulated other comprehensive loss (107) (112)
Accumulated deficit (266,315) (160,731)
Total stockholders' equity 62,539 81,939
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 89,892 $ 104,506