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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (76,453) $ (51,830)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net amortization of premiums and discounts on marketable securities (479) 0
Depreciation and amortization 1,670 404
Noncash lease expense 4,454 356
Stock-based compensation expense 9,912 5,425
Change in fair value of the Series A redeemable convertible preferred stock tranche liability 0 10,341
Changes in assets and liabilities:    
Prepaid expenses and other current assets and other assets (2,437) (5,002)
Accounts payable 1,275 1,115
Accrued compensation 657 1,193
Accrued research costs (280) (34)
Accrued expenses and other current liabilities and other liabilities 399 716
Operating lease liabilities (4,269) 57
Net cash used in operating activities (65,551) (37,259)
Cash flows from investing activities:    
Purchases of property and equipment (5,573) (4,759)
Proceeds from maturities of marketable securities 90,000 0
Purchases of investments in marketable securities (339,814) 0
Net cash used in investing activities (255,387) (4,759)
Cash flows from financing activities:    
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 0 165,521
Proceeds from initial public offering, net of issuance costs 0 251,323
Proceeds from issuance of common stock upon exercise of vested stock options 18 21
Proceeds from employee stock purchase plan 414 0
Proceeds from issuance of common stock upon early exercises of stock options 0 289
Repurchase of unvested early exercised shares (79) 0
Net cash provided by financing activities 353 417,154
Net increase (decrease) in cash, cash equivalents and restricted cash (320,585) 375,136
Cash, cash equivalents and restricted cash, at beginning of period 378,692 19,817
Cash, cash equivalents and restricted cash, at end of period 58,107 394,953
Reconciliation of cash, cash equivalents and restricted cash to statement of financial position:    
Cash and cash equivalents 56,391 394,804
Restricted cash 1,716 149
Cash, cash equivalents and restricted cash in statement of financial position 58,107 394,953
Supplemental disclosures of non-cash investing and financing information:    
Conversion of redeemable convertible preferred stock to common stock at closing of initial public offering 0 260,532
Purchases of property and equipment included in accounts payable (319) (53)
Settlement of redeemable convertible preferred stock tranche liability 0 (39,403)
Additions to right-of-use assets from new operating lease liabilities 0 9,433
Lessor funded lease incentives included in property and equipment 2,616 0
Vesting of early exercised stock options $ 108 $ 69