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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (15,231) $ (19,048)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 0 65
Stock-based compensation expense 1,976 1,593
Non-cash interest expense 36 188
Loss on conversion of convertible notes 0 711
Accretion of discount on convertible notes 0 1,600
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,430) (3,057)
Deferred offering costs 0 1,341
Other assets 20 (225)
Accounts payable 2,159 2,173
Accrued expenses and other current liabilities (3,868) (348)
Net cash used in operating activities (16,338) (15,007)
Cash flows from financing activities:    
Proceeds from Business Combination, net   196,319
Proceeds from exercise of stock options 25 4
Principal payments on term loan (1,250) (833)
Net cash provided by financing activities (1,225) 195,490
Increase (decrease) in cash, cash equivalents and restricted cash (17,563) 180,483
Cash, cash equivalents and restricted cash at beginning of period 136,950 4,826
Cash, cash equivalents and restricted cash at end of period 119,387 185,309
Supplemental disclosure    
Cash paid for interest 47 60
Noncash financing activities    
Conversion of convertible notes to Series B preferred stock $ 0 14,515
Exercise of warrants   76
Unpaid issuance costs in accounts payable and accrued expenses and other current liabilities   $ 437