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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 84,701 $ 19,838
Other receivables 600
Prepaid expenses and other current assets 3,130 247
Total current assets 87,831 20,685
Property and equipment, net 3,686 693
Operating lease right-of-use assets 1,147 1,336
Restricted cash 345 345
Other non-current assets 645 298
Total assets 93,654 23,357
Current liabilities:    
Accounts payable 3,919 1,417
Current portion of operating lease liabilities 505
Accrued expenses and other current liabilities 3,596 2,595
Total current liabilities 8,020 4,012
Derivative tranche liability 8,158
Non-current portion of operating lease liabilities 2,380 1,624
Common stock warrant liability 7,350
Earnout liability 5,743
Other non-current liabilities 643 853
Total liabilities 24,136 14,647
Commitments and contingencies (Note 9)
Redeemable convertible preferred stock: $0.0001 par value — none and 19,522,771 shares authorized at December 31, 2021 and 2020, respectively; none and 15,480,195 shares issued and outstanding at December 31, 2021 and 2020, respectively; liquidation value $41,165 at December 31, 2020 43,840
Stockholders’ equity (deficit)    
Preferred stock: $0.0001 par value — 10,000,000 shares and none authorized at December 31, 2021 and 2020, respectively; none issued and outstanding at December 31, 2021 and 2020
Common stock: $0.0001 par value — 492,000,000 and 50,218,502 shares authorized at December 31, 2021 and 2020, respectively; 37,855,114 and 2,770,702 shares issued and outstanding at December 31, 2021 and 2020, respectively 4 1
Additional paid-in capital 136,964 1,682
Accumulated deficit (67,450) (36,813)
Total stockholders’ equity (deficit) 69,518 (35,130)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) $ 93,654 $ 23,357