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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 $ (56,151) $ (39,735)
Adjustments to reconcile net loss to net cash used in operating activities:    
Issuance of common stock for in-process research and development expense 3,787
Stock-based compensation 8,364 3,719
Depreciation and amortization 94 71
Non-cash lease expense 67 20
Change in fair value of warrant liability (9,404) (207)
Amortization of premium on marketable securities 3,507 1,734
Realized loss (gain) on marketable securities 908 (46)
Change in operating assets and liabilities (net of assets and liabilities acquired in the Merger)    
Prepaid expenses and other current assets (4,156) (3,246)
Interest receivable on marketable securities 371 (905)
Lease security deposit 283
Accounts payable 8,803 2,398
Accrued expenses (4,533) 850
Net cash used in operating activities (51,847) (31,560)
Cash flow from investing activities:    
Purchases of marketable securities (262,672) (231,673)
Proceeds from sale of marketable securities 283,957 58,108
Purchases of property and equipment (202) (118)
Net cash (used in) provided by investing activities 21,083 (173,683)
Cash flow from financing activities:    
Proceeds from the Merger, net of offering costs paid 624,831
Proceeds from issuance of common stock under ESPP 292
Proceeds from exercises of options 370 190
Net cash provided by financing activities 662 625,021
Net (decrease) increase in cash and cash equivalents (30,102) 419,778
Cash and cash equivalents, beginning of the period 132,423 29,755
Cash and cash equivalents, end of the period 102,321 449,533
Supplemental Cash Flow Elements [Abstract]    
Right-of-use assets recognized 3,917
Operating Lease Liabilities Recognized 4,074
Reclassification of deferred rent (157)
Non-cash investing and financing activities:    
Purchase of property and equipment included in accounts payable 31
Issuance of common stock for in-process research and development 3,787
Issuance costs from Business Merger in accounts payable and accrued expenses $ 62