Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 61,163 $ 122,222
Short-term investments 24,732  
Prepaid expenses and other current assets 2,280 2,319
Total current assets 88,175 124,541
Property and equipment, net 2,811 1,438
Other assets 689 357
Total Assets 91,675 126,336
Current liabilities:    
Accounts payable 1,333 2,333
Accrued and other current liabilities 4,468 6,047
Total current liabilities 5,801 8,380
Commitments and Contingencies (see Note 6)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized as of September 30, 2022 and December 31, 2021; no shares issued or outstanding at September 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 September 30, 2022 and December 31, 2021; 29,013,995 (25,601,495 voting and 3,412,500 non-voting) shares issued and outstanding as of September 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 235,953 230,543
Accumulated other comprehensive loss (209)  
Accumulated deficit (149,870) (112,587)
Total stockholders’ equity 85,874 117,956
Total liabilities and stockholders’ equity $ 91,675 $ 126,336