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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (1,115,000) $ (60,011,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 0 9,000
Change in fair value of preferred stock tranche liability 0 17,030,000
Research and development license expense 980,000 9,000,000
Stock-based compensation 0 3,354,000
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 0 (6,585,000)
Accounts payable 0 1,961,000
Accrued expenses and other liabilities 135,000 4,513,000
Net cash used in operating activities 0 (30,729,000)
Cash flows from investing activities    
Purchase of research and development licenses 0 (9,000,000)
Purchase of property and equipment 0 (82,000)
Net cash used in investing activities 0 (9,082,000)
Cash flows from financing activities    
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commission and other offering costs 0 165,854,000
Proceeds from notes payable to related party 0 1,673,000
Repayment of notes payable to related party 0 (1,673,000)
Net cash provided by financing activities 0 291,064,000
Net increase in cash and cash equivalents 0 251,253,000
Cash at the beginning of the period 0 0
Cash at the end of the period 0 251,253,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 28,000
Supplemental disclosure of noncash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses 0 214,000
Reclassification of preferred stock tranche liability upon share issuance 0 18,080,000
Allocation of preferred stock tranche liability 0 1,050,000
Conversion of Series A and Series B convertible preferred stock to common stock 0 142,240,000
Deferred offering costs not yet paid 15,000  
Series A Convertible Preferred Stock    
Cash flows from financing activities    
Proceeds from issuances of convertible preferred stock, net of issuance costs 0 29,395,000
Series B Convertible Preferred Stock    
Cash flows from financing activities    
Proceeds from issuances of convertible preferred stock, net of issuance costs $ 0 $ 95,815,000