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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (17,275) $ (5,091)
Reconciliation of net loss to net cash used in operating activities:    
Stock-based compensation 627 65
Accretion of premium and interest on marketable securities 13  
Depreciation expense 4 4
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 960 (347)
Accounts payable (4,765) (5,007)
Accrued expenses 6,412 899
Net cash used in operating activities (14,024) (9,477)
Investing activities    
Purchase of marketable securities (79,271)  
Net cash used in investing activities (79,271)  
Financing activities    
Cash paid for issuance costs of convertible preferred stock   (11)
Proceeds from issuance of common stock upon stock option exercises 19  
Net cash provided by (used in) financing activities 19 (11)
Decrease in cash and cash equivalents (93,276) (9,488)
Cash and cash equivalents, beginning of period 146,284 79,400
Cash and cash equivalents, end of period $ 53,008 69,912
Supplemental disclosure of non-cash financing activities    
Deferred offering costs in accrued expenses   $ 448