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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating expenses:    
Research and development $ 29,847 $ 25,322
General and administrative 20,384 14,241
Total operating expenses 50,231 39,563
Loss from operations (50,231) (39,563)
Other income:    
Interest income 193 55
Other income, net 12 171
Total other income, net 205 226
Net loss before provision for income taxes (50,026) (39,337)
Provision for income taxes (1,797) 0
Net loss (51,823) (39,337)
Cumulative dividends on convertible preferred stock (2,309) (12,176)
Gain on extinguishment of Series A, Series B and Series C convertible preferred stock 0 103,455
Undistributed earnings allocable to participating securities 0 (44,867)
Net income (loss) attributable to common stockholders, basic (54,132) 7,075
Cumulative Dividends On Series B and Series C Convertible Preferred Stock 0 6,821
Gain on extinguishment of Series B and Series C convertible preferred stock 0 (61,949)
Undistributed earnings allocable to Series B and Series C participating securities 0 12,758
Net income (loss) attributable to common stockholders, diluted $ (54,132) $ (35,295)
Net income (loss) per share attributable to common stockholders    
Basic $ (2.49) $ 14.84
Diluted $ (2.49) $ (19.65)
Weighted average shares of common stock outstanding    
Basic 21,733,960 476,700
Diluted 21,733,960 1,795,860
Comprehensive loss:    
Net loss $ (51,823) $ (39,337)
Other comprehensive income (loss):    
Unrealized loss on available-for-sale securities, net of tax of $0 (131) (11)
Total other comprehensive loss (131) (11)
Comprehensive loss $ (51,954) $ (39,348)