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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Property Plant And Equipment Depreciation expense is recognized using the straight-line method over the estimated useful life of each asset as follows:

 

 

 

Estimated Useful Life

Laboratory equipment

 

5 years

Computer software and equipment

 

3 years

Office furniture and fixtures

 

7 years

Leasehold improvements

 

Shorter of useful life or remaining term of related lease

 

Property and equipment consist of the following at December 31, 2021 and 2020 (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Property and equipment:

 

 

 

 

 

 

 

 

Laboratory equipment

 

$

5,293

 

 

$

3,277

 

Computer software and equipment

 

 

675

 

 

 

650

 

Office furniture and fixtures

 

 

301

 

 

 

301

 

Leasehold improvements

 

 

2,113

 

 

 

317

 

Construction in progress

 

 

 

 

 

498

 

 

 

$

8,382

 

 

$

5,043

 

Accumulated depreciation

 

 

(3,879

)

 

 

(2,878

)

Property and equipment, net

 

$

4,503

 

 

$

2,165

 

Summary of Basic and Diluted Net Loss per Share Attributable to Common Stockholders

Basic and diluted net loss per share attributable to common stockholders was calculated as follows (in thousands, except share and per share data):

 

 

 

Year Ended

December 31,

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(43,513

)

 

$

(22,127

)

Accretion of redeemable convertible preferred stock

 

 

 

 

 

(115

)

Net loss attributable to common stockholders

 

$

(43,513

)

 

$

(22,242

)

Denominator:

 

 

 

 

 

 

 

 

Weighted-average common shares—basic and diluted

 

 

12,986,101

 

 

 

8,590,205

 

Net loss per share attributable to common stockholders—basic and diluted

 

$

(3.35

)

 

$

(2.59

)

Summary of Potentially Dilutive Securities Excluded from Calculation of Diluted Net Loss per Share

The following table sets forth the potentially dilutive securities that have been excluded from the calculation of diluted net loss per share because to include them would be anti-dilutive:

 

 

 

Year Ended

December 31,

 

 

 

2021

 

 

2020

 

Stock options

 

 

1,662,861

 

 

 

1,428,886

 

Total

 

 

1,662,861

 

 

 

1,428,886