Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 115,501 $ 81,607
Short-term investments 48,890 24,940
Prepaid expenses and other current assets 1,787 2,287
Total current assets 166,178 108,834
Property and equipment, net 1,990 2,578
Operating lease right-of-use assets 4,135 4,991
Other assets 984 565
Total Assets 173,287 116,968
Current liabilities:    
Accounts payable 3,620 2,463
Accrued and other current liabilities 4,474 4,847
Operating lease liabilities, current portion 2,522 2,179
Total current liabilities 10,616 9,489
Operating lease liabilities, net of current portion 1,748 2,959
Total Liabilities 12,364 12,448
Commitments and Contingencies (see Note 5 and 6)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized as of September 30, 2023 and December 31, 2022; no shares issued or outstanding at September 30, 2023 and December 31, 2022 0 0
Voting and non-voting common stock, $0.00001 par value: 150,000,000 (143,590,481 voting and 6,409,519 non-voting) shares authorized as of September 30, 2023 and December 31, 2022; 39,793,682 (37,932,923 voting and 1,860,759 non-voting) shares issued and outstanding as of September 30, 2023 and 29,445,134 (27,584,375 voting and 1,860,759 non-voting) shares issued and outstanding as of December 31, 2022 0 0
Additional paid-in capital 373,295 270,129
Accumulated other comprehensive loss (21) (47)
Accumulated deficit (212,351) (165,562)
Total stockholders’ equity 160,923 104,520
Total liabilities and stockholders’ equity $ 173,287 $ 116,968