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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (66,048) $ (19,101)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation expense 8,347 2,044
Shares issued for services 124
Research and development expenses - license acquired 5,637 192
Change in fair value of warrant liability 517 223
Change in fair value of convertible notes payable (230)
Change in fair value of derivative liability 369
Gain on forgiveness of note payable (149)
Net loss on extinguishment of convertible debt 2,387
Amortization of debt discount 1,582 150
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (2,894) (791)
Accounts payable (194) 1,091
Accrued expenses 1,806 5
Licenses payable (125) (4,850)
Net cash used in operating activities (48,995) (20,913)
Cash flows provided by financing activities    
Payment of convertible note (13,551)
Proceeds from issuance of common stock, net of issuance costs 97,957 8,850
Proceeds from issuance of common stock and convertible notes payable 20,203 10,907
Proceeds from issuance of common stock and warrants, pursuant to          Securities Purchase Agreement, net of issuance costs 6,365
Proceeds from exercise of warrants 7,252 45
Proceeds from exercise of options 102
Proceeds from sales of common stock under ESPP 104
Proceeds from note payable 147
Net cash provided by financing activities 112,067 26,314
Net increase in cash 63,072 5,401
Cash, beginning of period 15,662 10,261
Cash, end of period 78,734 15,662
Supplemental disclosure of cash flow information:    
Cash paid for interest 10 11
Cash paid for income taxes
Non-cash investing and financing activities:    
Reclass of warrant liabilities related to Series A warrants exercised for cash 1,155 124
Right-of-use assets obtained in exchange for operating lease liabilities 75
Issuance of common stock for convertible notes 69
Issuance of common stock for settlement of debt 1,377
Extinguishment of beneficial conversion feature 1,519
Issuance of common stock for iX Biopharma license 4,832
Issuance of common stock for license payable $ 2,443