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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 39,389 $ 7,813
Short-term investments 348,118 0
Accounts receivable 0 8,000
Prepaid expenses and other current assets (includes related party amounts of $14 and $0, respectively) 2,081 249
Total current assets 389,588 16,062
Property and equipment, net 1,118 155
Operating lease right-of-use assets 238 0
Other long-term assets 140 0
Total assets 391,084 16,217
Current liabilities:    
Accounts payable 3,613 428
Accrued liabilities (includes related party amounts of $0 and $544, respectively) 2,030 751
Current portion of deferred revenue 5,264 1,950
Unvested stock liabilities 1,352 52
Current portion of operating lease liabilities 212 0
Total current liabilities 12,471 3,181
Deferred revenue, net of current portion 1,840 6,050
Operating lease liabilities, net of current portion 23 0
Total liabilities 14,334 9,231
Commitments and contingencies (Note 3)
Convertible preferred stock, $0.001 par value; authorized shares - 0 and 6,838,829 at September 30, 2021 and December 31, 2020, respectively; issued and outstanding shares - 0 and 6,838,829 at September 30, 2021 and December 31, 2020, respectively; liquidation preference - $0 and $21,709 at September 30, 2021 and December 31, 2020, respectively 0 21,624
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares - 10,000,000 and 0 at September 30, 2021 and December 31, 2020, respectively; no shares issued and outstanding at September 30, 2021 and December 31, 2020
Common stock, $0.001 par value; authorized shares - 200,000,000 and 9,000,000 at September 30, 2021 and December 31, 2020, respectively; issued shares - 41,611,510 and 1,257,736 at September 30, 2021 and December 31, 2020, respectively; outstanding shares - 41,171,963 and 1,046,599 at September 30, 2021 and December 31, 2020, respectively 41 1
Additional paid-in capital 410,680 100
Accumulated other comprehensive income (loss) 24 0
Accumulated deficit (33,995) (14,739)
Total stockholders’ equity (deficit) 376,750 (14,638)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 391,084 $ 16,217