XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 397,048 $ 58,976
Prepaid expenses and other current assets 3,787 2,747
Total current assets 400,835 61,723
Property and equipment, net 2,539 3,391
Other assets 442 584
Total assets 403,816 65,698
Current liabilities:    
Accounts payable 10,685 3,376
Accrued compensation 1,490 414
Accrued manufacturing expenses 24,540 5,777
Accrued expenses (including related party accrual of $134 and $15 as of September 30, 2020 and December 31, 2019, respectively) 2,870 1,305
Deferred rent — current portion 27 19
Lease liability — current portion   161
Total current liabilities 39,612 11,052
Deferred rent — long-term portion 1 17
Redeemable convertible preferred stock warrant liability   450
Other liabilities 128 242
Total liabilities 39,741 11,761
Commitments and contingencies (Note 5)
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock value   160,310
Stockholders' Equity (Deficit)    
Preferred stock, $0.001 par value — 10,000,000 and no shares authorized at September 30, 2020 and December 31, 2019, respectively; no shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively
Common stock, $0.001 par value — 500,000,000 and 52,000,000 shares authorized at September 30, 2020 and December 31, 2019, respectively; 50,949,490 and 4,059,909 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 54 7
Additional paid-in capital 541,848 2,967
Accumulated deficit (177,827) (109,347)
Total stockholders' equity (deficit) 364,075 (106,373)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) $ 403,816 65,698
Series A Redeemable Convertible Preferred Stock    
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock value   24,967
Series B Redeemable Convertible Preferred Stock    
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock value   55,151
Series C Redeemable Convertible Preferred Stock    
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock value   $ 80,192