XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 232,545,000 $ 138,483,000
Restricted cash   34,650,000
Grant receivables 183,000 471,000
Prepaid research and development expenses   12,014,000
Prepaid expenses and other current assets 3,387,000 3,106,000
Total current assets 236,115,000 188,724,000
Property and equipment, net 10,528,000 9,114,000
Operating lease right-of-use-assets 12,907,000 567,000
Other long-term assets 6,278,000  
Total assets 265,828,000 198,405,000
Current liabilities:    
Accounts payable 5,122,000 4,906,000
Accrued compensation 6,369,000 2,739,000
Accrued liabilities 6,383,000 7,693,000
Operating lease liabilities, current portion 1,232,000 693,000
Total current liabilities 19,106,000 16,031,000
Operating lease liabilities, long-term portion 12,745,000  
Total liabilities 31,851,000 16,031,000
Commitments and contingencies (Note 6)
Convertible preferred stock, $0.0001 par value-no shares authorized as of December 31, 2021 and 229,296,908 shares authorized as of December 31, 2020; no shares issued and outstanding as of December 31, 2021 and 53,509,351 shares issued and outstanding as of December 31, 2020; no aggregate liquidation preference as of December 31, 2021 and $475,617 as of December 31, 2020   290,945,000
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value; 200,000,000 and 230,000,000 shares authorized at December 31, 2021 and December 31, 2020, respectively; 26,408,031 and 2,126,254 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 3,000  
Additional paid-in capital 598,913,000 64,335,000
Accumulated deficit (364,942,000) (172,906,000)
Total stockholders’ equity (deficit) 233,977,000 (108,571,000)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) 265,828,000 $ 198,405,000
Series 1 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Series 1 convertible preferred stock, $0.0001 par value-60,000,000 and 57,324,227 shares authorized as of December 31, 2021 and December 31, 2020, respectively; 29,863,674 and no shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively; aggregate liquidation preference of $3 as of December 31, 2021 and none as of December 31, 2020 $ 3,000