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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net loss $ (16,429) $ (5,493)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 6,039 579
Depreciation and amortization 482 277
Net amortization of premium on available-for-sale securities 152 46
Changes in operating assets and liabilities:    
Other receivables (249) (112)
Other receivables - related parties (2) 0
Prepaid expenses and other current assets (2,589) (106)
Inventory (990) 0
Other assets 30 (79)
Accounts payable (234) 481
Deferred revenue 6 0
Deferred rent (15) 166
Accrued expenses (1,414) (885)
Accrued research and development 424 52
Other noncurrent liabilities (83) 0
Net cash used in operating activities (14,872) (5,074)
INVESTING ACTIVITIES    
Purchases of property and equipment (838) (1,063)
Purchase of available-for-sale securities (30,279) (3,485)
Proceeds from maturities of available-for-sale securities 43,000 7,500
Net cash provided by investing activities 11,883 2,952
FINANCING ACTIVITIES    
Proceeds from issuance of common stock upon follow-on public offering, net of issuance costs 103,595 0
Proceeds from return of profit 11,403 0
Repurchase of Class A common stock (2) 0
Proceeds from stock option exercises including early exercised options 171 45
Net cash provided by financing activities 115,167 45
Net increase (decrease) in cash, cash equivalents and restricted cash 112,178 (2,077)
Cash, cash equivalents and restricted cash, beginning of period 333,928 17,828
Cash, cash equivalents and restricted cash, end of period 446,106 15,751
Accounts Payable    
FINANCING ACTIVITIES    
Property and equipment purchases included in balance sheet locations 9 2,424
Offering costs in accounts payable 158 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases included in balance sheet locations 9 2,424
Offering costs in accounts payable 158 0
Accrued Liabilities    
FINANCING ACTIVITIES    
Property and equipment purchases included in balance sheet locations 49 0
Offering costs in accounts payable 478 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases included in balance sheet locations 49 0
Offering costs in accounts payable $ 478 $ 0