Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 136,204 $ 33,017
Prepaid expenses and other current assets 4,348 977
Total current assets 140,552 33,994
Property, plant and equipment, net 815  
Other assets 101  
Deferred offering costs   180
Total Assets 141,468 34,174
Current liabilities:    
Accounts payable 920 603
Accrued and other current liabilities 2,227 340
Total current liabilities 3,147 943
Commitments and contingencies (see Note 7)
Convertible preferred stock:    
Series A, A-1 and A-2 convertible preferred stock, $0.00001 par value: no shares and 12,393,497 shares authorized as of December 31, 2019 and 2018, respectively; no and 12,393,047 shares issued and outstanding at December 31, 2019 and 2018 respectively; aggregate liquidation preference of $38,256 at December 31, 2018   43,921
Stockholders’ equity (deficit):    
Preferred stock, $0.00001 par value: 10,000,000 and no shares authorized as of December 31, 2019 and 2018, respectively; no shares issued or outstanding at December 31, 2019 and 2018, respectively
Voting and non-voting common stock, $0.00001 par value: 150,000,000 (voting 143,590,481 shares and non-voting 6,409,519 shares) and 21,147,115 (voting) shares authorized as of December 31, 2019 and 2018, respectively; 24,034,022 (voting 17,624,503 shares and non-voting 6,409,519 shares) and 3,848,320 (voting) shares issued and outstanding at December 31, 2019 and 2018, respectively 0 0
Additional paid-in capital 171,280 1,762
Accumulated deficit (32,959) (12,452)
Total stockholders’ equity (deficit) 138,321 (10,690)
Total liabilities convertible preferred stock and stockholders’ equity (deficit) $ 141,468 $ 34,174