Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.22.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 59,553 $ 122,222
Short-term investments 49,660  
Prepaid expenses and other current assets 2,226 2,319
Total current assets 111,439 124,541
Property and equipment, net 1,231 1,438
Other assets 985 357
Total Assets 113,655 126,336
Current liabilities:    
Accounts payable 3,910 2,333
Accrued and other current liabilities 3,025 6,047
Total current liabilities 6,935 8,380
Commitments and Contingencies (see Note 6)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized as of March 31, 2022 and December 31, 2021; no shares issued or outstanding at March 31, 2022 and December 31, 2021
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 March 31, 2022 and December 31, 2021; 28,977,129 (25,064,629 voting and 3,912,500 non-voting) shares issued and outstanding as of March 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 232,405 230,543
Accumulated other comprehensive loss (152)  
Accumulated deficit (125,533) (112,587)
Total stockholders’ equity 106,720 117,956
Total liabilities and stockholders’ equity $ 113,655 $ 126,336