Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 81,607 $ 122,222
Short-term investments 24,940 0
Prepaid expenses and other current assets 2,287 2,319
Total current assets 108,834 124,541
Property, plant and equipment, net 2,578 1,438
Operating lease right-of-use assets 4,991 0
Other assets 565 357
Total Assets 116,968 126,336
Current liabilities:    
Accounts payable 2,463 2,333
Accrued and other current liabilities 4,847 6,047
Operating lease liabilities, current portion 2,179 0
Total current liabilities 9,489 8,380
Operating lease liabilities, net of current portion 2,959 0
Total Liabilities 12,448 8,380
Commitments and contingencies (see Note 7)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized and no shares issued or outstanding as of December 31, 2022 and 2021 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 December 31, 2022 and 2021; 29,445,134 (27,584,375 voting and 1,860,759 non-voting) shares issued and outstanding as of December 31, 2022 and 28,927,129 (24,614,629 voting and 4,312,500 non-voting) shares issued and outstanding as of December 31, 2021 0 0
Additional paid-in capital 270,129 230,543
Accumulated other comprehensive income (47) 0
Accumulated deficit (165,562) (112,587)
Total stockholders’ equity 104,520 117,956
Total liabilities and stockholders’ equity $ 116,968 $ 126,336