v3.23.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 27,197 $ 26,500
Investment securities 275,891 303,887
Prepaid expenses and other current assets 2,957 4,732
Total current assets 306,045 335,119
Property and equipment, net 1,861 1,947
Right-of-use asset, related party 3,280 3,612
Other assets 444 459
Total assets 311,630 341,137
Current liabilities:    
Accounts payable 1,922 3,025
Accrued expenses and other current liabilities (including related party amounts of $677 and $640 respectively) 10,211 7,751
Total current liabilities 12,133 10,776
Operating lease liability, net, related party 2,702 3,051
Total liabilities 14,835 13,827
Commitments and contingencies (See Note 8)
Stockholders' equity:    
Common stock, $0.0001 par value; 200,000,000 shares authorized at June 30, 2023 and December 31, 2022; 55,986,657 and 55,943,314 shares issued, 55,979,199 and 55,895,596 shares outstanding at June 30, 2023 and December 31, 2022, respectively 6 6
Additional paid-in capital 448,784 441,424
Accumulated deficit (149,995) (110,764)
Accumulated other comprehensive loss (2,000) (3,356)
Total stockholders' equity 296,795 327,310
Total liabilities and stockholders' equity $ 311,630 $ 341,137