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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (28,264) $ (13,150)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation 174 16
Stock-based compensation 4,977 1,890
Amortization of premiums on investment securities, net (39) (128)
Non-cash lease expense 35  
Other 4  
Change in operating assets and liabilities:    
Prepaid expense and other assets (1,020) (1,624)
Prepaid expense and other assets—related party   (60)
Accounts payable and other liabilities 1,813 1,070
Accounts payable and other liabilities related-party (7)  
Net cash used in operating activities (22,327) (11,986)
Cash flows from investing activities    
Purchases of investment securities (157,976) (32,037)
Proceeds from maturities of investment securities 1,715 33,710
Proceeds from sale of asset 39  
Purchases of property and equipment (320) (216)
Net cash (used in) provided by investing activities (156,542) 1,457
Cash flows from financing activities    
Proceeds from initial public offering, net of issuance costs   254,271
Proceeds from issuance of convertible preferred stock, net of issuance costs   124,712
Payment of deferred issuance costs (427)  
Issuance of common stock through employee stock purchase plan 225  
Proceeds from the exercise of stock options 156 5
Net cash provided by financing activities (46) 378,988
Net (decrease) increase in cash and cash equivalents (178,915) 368,459
Cash and cash equivalents at beginning of period 298,569 2,379
Cash and cash equivalents at end of period 119,654 $ 370,838
Supplemental disclosures    
Initial recognition of right-of-use asset and operating lease liability 590  
Deferred financing costs in accrued expenses 75  
Purchases of property and equipment included in accounts payable and accrued expenses $ 222