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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (13,723) $ (7,849)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation expense 311 66
Non-cash lease expense 322  
Stock-based compensation 891 112
Changes in operating assets and liabilities:    
Operating lease liability (16)  
Prepaid expenses and other current assets (3,131) (347)
Accounts payable and accrued expenses (2,444) 1,933
Other assets 141  
Net cash used in operating activities (17,649) (6,085)
Cash flow from investing activities    
Purchases of property and equipment (1,171) (545)
Net cash used in investing activities (1,171) (545)
Cash flow from financing activities    
Proceeds from issuance of redeemable convertible preferred stock 45,375 17,719
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 (1,744)  
Proceeds from stock option exercises 18 43
Net cash provided by financing activities 232,848 17,762
Net increase in cash, cash equivalents and restricted cash 214,028 11,132
Cash, cash equivalents and restricted cash, beginning of period 50,098 8,025
Cash, cash equivalents and restricted cash, end of period 264,126 19,157
Supplemental disclosure of non-cash activities    
Conversion of redeemable convertible preferred stock to common stock upon closing of the initial public offering 152,711  
Purchases of property and equipment in accounts payable 149 $ 270
Deferred offering costs in accounts payable and accrued expenses $ 471