XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 32,080 $ 99,603
Investments 44,743  
Prepaid expenses and other current assets 1,849 805
Total current assets 78,672 100,408
Property and equipment, net 2,151 290
Operating lease right-of-use assets 4,958 5,501
Restricted cash 388 388
Deferred offering costs 1,544  
Total assets 87,713 106,587
Current liabilities:    
Accounts payable 1,976 964
Accrued expenses and other current liabilities 3,698 1,286
Operating lease liabilities, current 717 664
Total current liabilities 6,391 2,914
Operating lease liabilities, long-term 4,420 4,964
Total liabilities 10,811 7,878
Commitments and contingencies (Note 13)
Series convertible preferred stock 122,518 122,518
Stockholders’ deficit:    
Common stock, par value $0.001; 40,013,683 shares authorized as of September 30, 2022 and December 31, 2021; 1,794,600 and 1,769,561 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively. 2 2
Additional paid-in capital 1,618 1,054
Accumulated other comprehensive loss (133)  
Accumulated deficit (47,103) (24,865)
Total stockholders’ deficit (45,616) (23,809)
Total liabilities, convertible preferred stock and stockholders’ deficit 87,713 106,587
Series A-1 Convertible Preferred Stock    
Current liabilities:    
Series convertible preferred stock 22,502 22,502
Series B Convertible Preferred Stock    
Current liabilities:    
Series convertible preferred stock $ 100,016 $ 100,016