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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (46,925) $ (35,621)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 334 292
Amortization of operating lease right-of-use asset 127  
Non-cash interest expense, and amortization of debt discount and issuance costs 3 41
Amortization of premiums / (accretion of discounts), net on marketable securities 278 377
Stock-based compensation 4,180 4,176
Changes in assets and liabilities    
Prepaid expenses and other assets 3,592 1,850
Accounts payable 495 (1,167)
Accrued and other current liabilities (1,397) 666
Operating lease liabilities, net (109)  
Other non-current liabilities   (9)
Net cash used in operating activities (39,422) (29,395)
Cash flows from investing activities    
Purchases of marketable securities (25,292) (69,226)
Proceeds from maturities of marketable securities 81,048 32,830
Purchases of property and equipment (335) (2,000)
Net cash provided by (used in) investing activities 55,421 (38,396)
Cash flows from financing activities    
Repayment of debt (1,083) (1,500)
Proceeds from private placement financing, net of issuance costs   75,215
Proceeds from At-the-Market offering, net 9,700  
Proceeds from issuance of common stock under employee plans 105 8
Net cash provided by financing activities 8,722 73,723
Net increase in cash and cash equivalents 24,721 5,932
Cash and cash equivalents    
Cash and cash equivalents, at beginning of period 15,835 36,326
Cash and cash equivalents, at end of period 40,556 42,258
Supplemental disclosure of cash flow information:    
Cash paid for income taxes   5
Cash paid for interest 14 107
Supplemental non-cash investing and financing activities:    
Operating lease right-of-use asset recorded on the adoption of ASC 842 80  
Operating lease right-of-use assets obtained in exchange for new lease liabilities $ 201  
Purchases of property and equipment in accounts payable and accrued and other current liabilities   $ 218