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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (94,989) $ (36,613) $ (35,792)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,041 894 780
Unrealized losses of marketable securities 5,023 0 0
Loss on disposal of fixed assets 70 2 1
Change in fair value of warrant liabilities (4,379) 0 0
Change in fair value of contingent consideration 36 0 0
Stock-based compensation expense 24,918 1,924 2,715
Write-off of intellectual property 0 0 500
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (4,893) (12) 825
Other assets (690) 0 0
Other assets - related party 738 256 (41)
Operating lease right-of-use assets (6,973) 0 0
Accounts payable 709 536 (270)
Accrued expenses and other current liabilities 4,498 440 574
Short-term operating lease liabilities 859 0 0
Operating lease liabilities 7,219 0 0
Net cash used in operating activities (66,813) (32,573) (30,708)
Cash flows from investing activities:      
Purchases of property and equipment (5,763) (461) (1,241)
Purchases of marketable securities (440,542) 0 0
Business acquisition (4,632) 0 0
Net cash used in investing activities (450,937) (461) (1,241)
Cash flows from financing activities:      
Proceeds from exercise of stock options 5,618 63 116
Proceeds from issuance of Series E convertible preferred stock 0 35,311 18,177
Net proceeds from equity infusion from the Business Combination 512,788 0 0
Proceeds from issuance of notes payable 0 1,749 0
Payment of notes payable (1,749) 0 0
Stock issuance costs for Series E convertible preferred stock (4) (52) (51)
Principal payments under finance lease obligations (28) (57) (25)
Net cash provided by financing activities 516,625 37,014 18,217
Net (decrease) increase in cash and cash equivalents (1,125) 3,980 (13,732)
Cash and cash equivalents at beginning of period 36,910 32,930 46,662
Cash and cash equivalents at end of period 35,785 36,910 32,930
Supplemental disclosure of cash flow information:      
Cash received from exchange of research and development tax credits 173 0 352
Supplemental disclosure of noncash information:      
Noncash acquisition of property and equipment 1,385 30 260
Forgiveness of related party promissory notes 150 20 50
Noncash equity issuance - business acquisition 4,232 0 0
Noncash equity related warrants from the Business Combination 11,618 0 0
Conversion of the convertible preferred stock into Class A and Class B common stock 195,810 0 0
Noncash contingent consideration and holdbacks - business acquisition $ 1,552 $ 0 $ 0