Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 47,169 $ 122,222
Short-term investments 49,637  
Prepaid expenses and other current assets 1,939 2,319
Total current assets 98,745 124,541
Property and equipment, net 2,306 1,438
Other assets 965 357
Total Assets 102,016 126,336
Current liabilities:    
Accounts payable 2,451 2,333
Accrued and other current liabilities 4,035 6,047
Total current liabilities 6,486 8,380
Commitments and Contingencies (see Note 6)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized as of June 30, 2022 and December 31, 2021; no shares issued or outstanding at June 30, 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 June 30, 2022 and December 31, 2021; 28,977,129 (25,064,629 voting and 3,912,500 non-voting) shares issued and outstanding as of June 30, 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 234,222 230,543
Accumulated other comprehensive loss (249)  
Accumulated deficit (138,443) (112,587)
Total stockholders’ equity 95,530 117,956
Total liabilities and stockholders’ equity $ 102,016 $ 126,336