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Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (19,256) $ (5,129)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 49 4
Loss on disposal of assets 3 0
Stock-based compensation 3,966 32
Noncash interest – related parties 0 206
Amortization (accretion) of premiums/discounts on investments, net (114) 0
Increase in fair value of convertible promissory notes – related parties 0 1,735
Changes in operating assets and liabilities:    
Accounts receivable 8,000 0
Prepaid expenses and other current assets (includes related party amounts of $14 and $0, respectively) (1,832) 0
Other long-term assets (140) 0
Accounts payable (includes related party amounts of $0 and $50, respectively) 2,621 212
Accrued expenses (includes related party amounts of $(544) and $195, respectively) 1,107 200
Deferred revenue (896) 0
Operating lease right-of-use assets and liabilities, net (3) 0
Net cash used in operating activities (6,495) (2,740)
Cash flows from investing activities    
Purchases of property and equipment (309) 0
Purchases of short-term investments (370,125) 0
Maturities of short-term investments 22,145 0
Net cash used in investing activities (348,289) 0
Cash flows from financing activities    
Proceeds from issuance of convertible promissory notes 0 2,500
Proceeds from exercise of vested and unvested common stock options 1,646 4
Proceeds from initial public offering, net of issuance costs 204,167 0
Net cash provided by financing activities 386,360 6,971
Net increase in cash and cash equivalents 31,576 4,231
Cash and cash equivalents – beginning of period 7,813 658
Cash and cash equivalents – end of period 39,389 4,889
Supplemental disclosure of noncash investing and financing activities    
Conversion of convertible preferred stock in connection with initial public offering 202,171 0
Conversion of convertible promissory notes and accrued interest into shares of convertible preferred stock 0 8,674
Unpaid fixed asset additions 853 146
Vesting of restricted common stock 326 0
Unpaid equity issuance costs 30 6
Unrealized gain (loss) on short-term investments 24 0
Operating lease liabilities arising from right-of-use assets 256  
Series Seed 2 Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 4,467
Series A Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of convertible preferred stock, net of issuance costs 55,722 0
Series B Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of convertible preferred stock, net of issuance costs $ 124,825 $ 0