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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (27,674,000) $ (20,029,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on investments 37,000 5,000
Amortization of right of use assets 132,000 129,000
Depreciation expense 741,000 331,000
Stock-based compensation 2,756,000 606,000
Change in fair value of derivative liability   (20,000)
Change in fair value of redeemable convertible preferred stock liabilities   (166,000)
Changes in operating assets and liabilities:    
Other assets 277,000 (528,000)
Right of use assets   (249,000)
Accounts payable (502,000) (304,000)
Accrued liabilities (4,239,000) 183,000
Operating lease liabilities (303,000) (277,000)
Other liabilities (111,000)  
Deferred revenue from collaborations (910,000)  
Net cash and cash equivalents used in operating activities (29,796,000) (20,319,000)
Activities in available-for-sale investments:    
Purchase of short-term investments   (32,096,000)
Purchase of long term investments   (13,183,000)
Activities in held-to-maturity investments:    
Maturities of investments 10,000,000 22,600,000
Purchases of property and equipment (307,000) (1,090,000)
Net cash and cash equivalents provided by (used in) investing activities 9,693,000 (23,769,000)
Cash flows from financing activities:    
Proceeds from exercise of warrants for series A convertible preferred stock   350,000
Payment of Series B-1 redeemable convertible preferred stock issuance cost   (405,000)
Payments on finance lease (18,000) (11,000)
Proceeds from the exercise of common stock option 96,000 18,000
Net cash and cash equivalents provided by (used in) financing activities 78,000 (48,000)
Net decrease in cash, cash equivalents, and restricted cash (20,025,000) (44,136,000)
Cash, cash equivalents, and restricted cash, beginning of period 220,943,000 70,103,000
Cash, cash equivalents, and restricted cash, end of period 200,918,000 25,967,000
Reconciliation to amounts on the consolidated balance sheet:    
Cash and cash equivalents 200,362,000 25,415,000
Restricted cash 556,000 552,000
Cash, cash equivalents, and restricted cash, end of period 200,918,000 25,967,000
Supplemental disclosures of cash flow information:    
Interest paid   2,000
Supplemental disclosures of noncash financing and investing activities:    
Leasehold improvement directly paid by landlord   79,000
Mark to market adjustment for available-for-sale investments 41,000 401,000
Acquisition of right of use asset through operating lease obligation 184,000  
Change in fair value of derivative liability upon exercise of warrants   137,000
Vesting of early exercised options 42,000 63,000
Property and equipment purchases in accounts payable   399,000
Change in pension obligation $ (2,000) $ 166,000