Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Fair Value Assets Measured on Recurring Basis

The following tables present the Company’s financial assets that are measured at fair value on a recurring basis using the above input categories (in thousands):

	As of December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	85,638	$	—	$	—	$	85,638
Total cash equivalents		85,638		—		—		85,638
Marketable securities:
U.S. and foreign commercial paper		—		28,760		—		28,760
U.S. and foreign corporate debt securities		—		23,535		—		23,535
Asset-backed securities		—		8,522		—		8,522
U.S. treasury securities		—		7,979		—		7,979
Total marketable securities		—		68,796		—		68,796
Total assets measured at fair value	$	85,638	$	68,796	$	—	$	154,434
	As of December 31, 2020
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	22,415	$	—	$	—	$	22,415
Total cash equivalents		22,415		—		—		22,415
Marketable securities:
U.S. treasury securities		—		15,499		—		15,499
U.S. and foreign commercial paper		—		38,561		—		38,561
U.S. and foreign corporate debt securities		—		29,189		—		29,189
U.S. agency securities		—		23,994		—		23,994
Asset-backed securities		—		7,885		—		7,885
Supranational debt securities		—		3,002		—		3,002
Total marketable securities		—		118,130		—		118,130
Total assets measured at fair value	$	22,415	$	118,130	$	—	$	140,545

Computation of Basic and Diluted Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share amounts):

	Year Ended December 31,
	2021			2020
Numerator:
Net loss	$	(89,998	)	$	(50,986	)
Denominator:
Weighted average number of common stock shares outstanding		71,055,331			68,893,127
Net loss per share	$	(1.27	)	$	(0.74	)

Anti-Dilutive Securities Excluded from the Computation of Diluted Net Loss per Share

The following table shows the total outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net loss per share (in thousands):

	Year Ended December 31,
	2021		2020
Common stock options		10,791		8,812
Incentive awards		101		101
Total		10,892		8,913