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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (32,385) $ (11,281)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 416 207
Noncash operating lease expense 60  
Amortization of premiums and discounts on marketable securities 110  
Share-based compensation 4,481 757
Changes in operating assets and liabilities:    
Prepaid expenses and other current and non-current assets (8,423) 48
Accounts payable and other current liabilities 696 321
Accrued liabilities 2,563 392
Operating lease liabilities (104)  
Deferred rent   49
Net cash used in operating activities (32,586) (9,507)
Cash flows from investing activities    
Purchases of property and equipment (467) (1,066)
Purchases of marketable securities (27,026)  
Proceeds from maturities of marketable securities 16,850  
Net cash used in investing activities (10,643) (1,066)
Cash flows from financing activities    
Proceeds from issuance of common stock (initial public offering), net of transactions costs 129,156  
Proceeds from issuance of common stock (private placement), net of transactions costs 10,000  
Proceeds from issuance of Series C redeemable convertible preferred stock, net of transaction costs   81,756
Proceeds from the exercise of stock options 429 7
Payments under finance leases (29) (121)
Payments of deferred offering costs   (14)
Net cash provided by financing activities 139,556 81,628
Net increase in cash and cash equivalents and restricted cash 96,327 71,055
Cash and cash equivalents and restricted cash, beginning of the year 31,032 46,795
Cash and cash equivalents and restricted cash, end of the period 127,359 117,850
Supplemental disclosures of noncash investing and financing activities:    
Purchase of property and equipment included in accounts payable and accrued liabilities 35 $ 238
Deferred offering costs included in accrued liabilities $ 42