XML 21 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net loss $ (22,521) $ (19,342)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,410 404
Depreciation 764 903
Amortization (accretion) of available-for-sale securities 357 (46)
Changes in operating assets and liabilities:    
Accounts receivable from related party (482)  
Prepaid expenses and other current assets (1,534) 251
Accounts payable 10 75
Accrued expenses and other current liabilities 1,356 (159)
Deferred rent and lease incentive (288) (241)
Deferred collaboration liability (948) (1,860)
Other long-term liabilities (79) 185
Net cash used in operating activities (21,955) (19,830)
Investing activities    
Purchases of available-for-sale securities (147,223)  
Proceeds from maturities of available-for-sale securities 26,530 13,750
Proceeds from sale of property and equipment 42  
Purchases of property and equipment (102) (151)
Net cash (used in) provided by investing activities (120,753) 13,599
Financing activities    
Proceeds from the issuance of Series D convertible preferred stock 27,400  
Proceeds from issuance of common stock upon completion of initial public offering net of commissions and underwriting discounts 128,240  
Payment of initial public offering costs (3,255)  
Proceeds from the exercise of stock options 18  
Principal payments on equipment financing (94)  
Repurchases of early exercised restricted stock (1)  
Net cash provided by financing activities 152,308  
Net increase (decrease) in cash, cash equivalents and restricted cash 9,600 (6,231)
Cash, cash equivalents and restricted cash at beginning of period 29,218 20,039
Cash, cash equivalents and restricted cash at end of period 38,818 13,808
Supplemental disclosure of non-cash activities:    
Vesting of early exercised restricted stock $ (9) $ (27)