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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (64,476) $ (27,208)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 565 457
Noncash operating lease expense 272  
Amortization of premiums and discounts on marketable securities 38  
Share-based compensation 10,425 1,992
Changes in operating assets and liabilities:    
Prepaid expenses and other current and non-current assets (17,833) (574)
Accounts payable and other current liabilities 5,667 1,000
Accrued liabilities 10,063 3,812
Operating lease liabilities 145  
Deferred rent   53
Net cash used in operating activities (55,134) (20,468)
Cash flows from investing activities    
Purchases of property and equipment (616) (1,246)
Purchases of marketable securities (119,374)  
Proceeds from maturities of marketable securities 50,114  
Net cash used in investing activities (69,876) (1,246)
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 9,958  
Proceeds from issuance of common stock (follow-on offering), net of transactions costs 121,535  
Proceeds from issuance of Series C redeemable convertible preferred stock, net of transaction costs   119,118
Proceeds from the exercise of stock options 429 182
Payments for repurchase of restricted stock   (24)
Payments under finance leases (59) (330)
Payments of deferred offering costs   (43)
Net cash provided by financing activities 261,019 118,903
Net increase in cash and cash equivalents and restricted cash 136,009 97,189
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 167,041 143,984
Supplemental disclosures of noncash investing and financing activities:    
Purchase of property and equipment included in accounts payable and accrued liabilities 35 $ 32
Deferred offering costs included in accounts payable and accrued liabilities $ 816