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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (76,896) $ (57,518)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 11,250 7,477
Depreciation and amortization expense 124 107
Amortization of debt issuance costs and discount 433 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 788 121
Accounts payable (11,703) 1,400
Accrued expense (5,894) (1,606)
Accrued interest, net of interest received on maturity of investments (2,169) 106
Net cash used in operating activities (84,067) (49,913)
Cash flows from investing activities:    
Purchases of marketable securities (198,822) (37,567)
Sales and maturities of marketable securities 11,993 93,545
Purchases of property and equipment, net of disposals (35) (52)
Net cash provided by (used in) investing activities (186,864) 55,926
Cash flows from financing activities:    
Proceeds from the sale of related party stock and exercise of common stock options, net of transaction costs 17,903 0
Proceeds from issuance of loan payable 35,000 0
Payment of debt issuance costs (213) 0
Net cash provided by financing activities 52,690 0
Net increase (decrease) in cash and cash equivalents (218,241) 6,013
Cash and cash equivalents at beginning of period 331,549 36,269
Cash and cash equivalents at end of period $ 113,308 $ 42,282