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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 133,477 $ 8,080
Prepaid expenses and other current assets 859 23
Total current assets 134,336 8,103
Property and equipment, net 1,154 1,103
Operating lease right-of-use assets 388 836
Deferred offering costs 3,501  
Other assets, noncurrent 109 109
Total assets 139,488 10,151
Current liabilities:    
Accounts payable 1,927 1,077
Accrued expenses and other current liabilities 5,462 1,997
Derivative liability, current portion 9,123  
Operating lease liabilities, current portion 325 615
Total current liabilities 16,837 3,689
Derivative liability, net of current portion 67  
Operating lease liabilities, net of current portion   165
Total liabilities 16,904 3,854
Commitments and contingencies (Note 12)
Stockholders’ deficit:    
Common stock, $0.001 par value per share; 167,000,000 and 40,300,000 shares authorized at September 30, 2021 and December 31, 2020, respectively; 2,194,326 and 2,177,956 shares issued at September 30, 2021 and December 31, 2020 and 1,639,600 and 1,289,342 shares outstanding at September 30, 2021 and December 31, 2020, respectively 2 1
Additional paid-in capital 3,448 97
Accumulated deficit (74,889) (15,743)
Total stockholders’ deficit (71,439) (15,645)
Total liabilities, convertible preferred stock and stockholders’ deficit 139,488 10,151
Series A Convertible Preferred Stock    
Current liabilities:    
Convertible Preferred Stock 21,942 $ 21,942
Series B Convertible Preferred Stock    
Current liabilities:    
Convertible Preferred Stock $ 172,081