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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Summary of Cash and Cash Equivalents

Cash and cash equivalents consist of the following at December 31, 2021 and 2020 (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Cash and cash equivalents:

 

 

 

 

 

 

Cash

 

$

13,465

 

 

$

344

 

Money market funds

 

 

16,523

 

 

 

34,698

 

 

 

$

29,988

 

 

$

35,042

 

Summary of Estimated Useful Lives of Assets These amounts are depreciated using the straight-line method over the estimated useful lives of the assets as follows:

 

Laboratory equipment

 

4 years

Computer equipment

 

3 years

Software

 

5 years

Leasehold improvements

 

Shorter of useful life
or remaining term
of related lease

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):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(48,663

)

 

$

(32,845

)

 

$

(47,339

)

Net loss attributable to common stockholders

 

$

(48,663

)

 

$

(32,845

)

 

$

(47,339

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common shares –
   basic and diluted

 

 

67,956,739

 

 

 

32,506,679

 

 

 

22,180,868

 

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

 

$

(0.72

)

 

$

(1.01

)

 

$

(2.13

)

Summary of Anti-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 (in common stock equivalent shares):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Stock options

 

 

6,765,837

 

 

 

4,110,691

 

 

 

3,915,591

 

Restricted stock units

 

 

—

 

 

 

620,277

 

 

 

517,750

 

Warrants

 

 

10,687,912

 

 

 

9,040

 

 

 

9,040

 

Common stock issuable upon conversion of outstanding debt

 

 

2,439,024

 

 

 

2,439,024

 

 

 

—

 

Total

 

 

19,892,773

 

 

 

7,179,032

 

 

 

4,442,381