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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows used in operating activities:    
Net loss $ (37,679) $ (17,531)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 409 254
Stock-based compensation 2,461 520
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,924) (344)
Accounts payable 1,931 (76)
Accrued expenses and other liabilities 3,472 (19)
Net cash used in operating activities (31,330) (17,196)
Cash flows used in investing activities:    
Purchases of property and equipment (292) (581)
Net cash used in investing activities (292) (581)
Cash flows provided by financing activities:    
Proceeds from the issuance of common stock upon initial public offering, net of offering costs 167,929  
Payment of capital lease obligation (258) (31)
Proceeds from the exercise of stock options 96 5
Net cash provided by financing activities 247,535 29,822
Net increase in cash and cash equivalents 215,913 12,045
Cash and cash equivalents at beginning of period 18,879 15,595
Cash and cash equivalents at end of period 234,792 27,640
Supplemental disclosures:    
Property and equipment in accounts payable 90 108
Offering costs in accrued expenses and other current liabilities 220  
Offering costs in accounts payable 1,079  
Series C Convertible Preferred Stock    
Cash flows provided by financing activities:    
Proceeds from the sale of convertible preferred stock, net of offering costs 49,826  
Series B Convertible Preferred Stock    
Cash flows provided by financing activities:    
Proceeds from the sale of convertible preferred stock, net of offering costs $ 29,942 $ 29,848