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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (92,257) $ (6,570)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1  
Change in fair value of preferred stock tranche rights liability and preferred stock warrant liability 81,157  
Share-based compensation expense 557 116
Amortization of premiums on marketable securities, net 21  
Non-cash interest income from marketable securities (27)  
Changes in operating assets and liabilities:    
Grant receivable   (187)
Prepaid expenses and other current assets (4,297) 461
Other assets (13) (378)
Accounts payable (149) 1,231
Accrued expenses and other current liabilities 685 734
Net cash used in operating activities (14,322) (4,593)
Cash flows from investing activities    
Purchases of available-for-sale marketable securities (94,095)  
Purchases of property and equipment (14)  
Net cash used in investing activities (94,109)  
Cash flows from financing activities    
Proceeds from issuance of Series B milestone shares, net of issuance costs 30,031  
Proceeds from issuance of common stock upon initial public offering, net of issuance costs 168,559  
Proceeds from stock option exercises 2  
Net cash provided by financing activities 200,456  
Net change in cash and cash equivalents 92,025 (4,593)
Cash and cash equivalents at the beginning of the period 43,777 6,552
Cash and cash equivalents at the end of the period 135,802 $ 1,959
Supplemental disclosure of cash flow information    
Cash paid for income taxes  
Cash paid for interest  
Supplemental disclosure of noncash financing activities    
Reclassification of preferred stock tranche rights liability upon share issuance 81,190  
Reclassification Of Warrant Liability Upon Exercise Of Preferred Stock Warrant 5,380  
Conversion of convertible preferred stock into common stock upon initial public offering 174,504  
Common Stock Warrants [Member]    
Cash flows from financing activities    
Proceeds from exercise of warrants 614  
Series A -1 Convertible Preferred Stock Warrant Liability [Member]    
Cash flows from financing activities    
Proceeds from exercise of warrants $ 1,250