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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (21,201) $ (9,906)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 346 154
Depreciation and amortization 26 3
Non-cash lease expense 26  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (905) 49
Accounts payable and accrued expenses 3,731 (137)
Accrued compensation and benefits (201) 124
Other assets (161)  
Other liabilities 86 3
Net cash used in operating activities (18,253) (9,710)
Cash flows from investing activities    
Purchases of property and equipment (50) (3)
Net cash used in investing activities (50) (3)
Cash flows from financing activities    
Payment of deferred offering costs (931)  
Proceeds from exercise of stock options 51  
Proceeds from issuance of term loan, net of issuance costs   2,492
Net cash provided by financing activities 86,753 10,433
Net increase in cash, cash equivalents and restricted cash 68,450 720
Cash, cash equivalents, and restricted cash at beginning of period 3,924 4,112
Cash, cash equivalents, and restricted cash at end of period 72,374 4,832
Supplemental cash flow data:    
Cash paid for interest 144  
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets recognized in exchange for lease liabilities 1,894  
Deferred offering costs included in accounts payable and accrued expenses 1,416  
Property and equipment included in accounts payable 14  
Fair value of warrant issued in connection with term loan   37
Series A Redeemable Convertible Preferred Stock    
Cash flows from financing activities    
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs   $ 7,941
Series B Redeemable Convertible Preferred Stock    
Cash flows from financing activities    
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs $ 87,633