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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (50,647) $ (27,674)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation expense 1,039 363
Non-cash lease expense 2,260 461
Stock-based compensation 3,112 748
Other 38  
Changes in operating assets and liabilities:    
Operating lease liability (1,840) 545
Prepaid expenses and other current assets (5,537) (847)
Accounts payable and accrued expenses 333 3,746
Other assets (315)  
Net cash used in operating activities (51,557) (22,658)
Cash flow from investing activities    
Purchases of investments (82,972)  
Purchases of property and equipment (2,726) (2,684)
Net cash used in investing activities (85,698) (2,684)
Cash flow from financing activities    
Proceeds from issuance of redeemable convertible preferred stock 45,375 82,267
Proceeds from the issuance of common stock upon closing of initial public offering, net of underwriter fees 189,199  
Payment of initial public offering costs (2,215)  
Proceeds from stock option exercises 245 213
Net cash provided by financing activities 232,604 82,480
Net increase in cash, cash equivalents and restricted cash equivalents 95,349 57,138
Cash, cash equivalents and restricted cash equivalents, beginning of period 50,098 8,025
Cash, cash equivalents and restricted cash equivalents, end of period 145,447 65,163
Supplemental disclosure of non-cash activities    
Lease incentive paid by the landlord on behalf of the Company   151
Operating right-of-use assets and operating lease liability recorded upon lease commencement 35 17,899
Purchases of property and equipment in accounts payable 18 599
Conversion of redeemable convertible preferred stock to common stock upon closing of the initial public offering $ 152,711  
Deferred offering costs in accounts payable and accrued expenses   $ 355