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Condensed Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 35,582 $ 7,813
Accounts receivable 0 8,000
Short-term investments 339,383 0
Prepaid expenses and other current assets (includes related party amounts of $14 and $0, respectively) 2,054 249
Total current assets 377,019 16,062
Restricted cash 816 0
Property and equipment, net 1,412 155
Operating lease right-of-use assets 185 0
Other long-term assets 392 0
Total assets 379,824 16,217
Current liabilities:    
Accounts payable 2,458 428
Accrued liabilities (includes related party amounts of $0 and $544, respectively) 3,779 751
Current portion of deferred revenue 5,163 1,950
Unvested stock liabilities 1,203 52
Current portion of operating lease liabilities 194 0
Total current liabilities 12,797 3,181
Deferred revenue, net of current portion 700 6,050
Total liabilities 13,497 9,231
Commitments and contingencies (Note 3)  
Convertible preferred stock, $0.001 par value; authorized shares - 0 and 6,838,829 at December 31, 2021 and 2020, respectively; issued and outstanding shares - 0 and 6,838,829 at December 31, 2021 and 2020, respectively; liquidation preference - $0 and $21,709 at December 31, 2021 and 2020, respectively 0 21,624
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares - 10,000,000 and 0 at December 31, 2021 and 2020, respectively; no shares issued and outstanding at December 31, 2021 and 2020  
Common stock, $0.001 par value; authorized shares - 200,000,000 and 9,000,000 at December 31, 2021 and 2020, respectively; issued shares - 41,622,962 and 1,257,736 at December 31, 2021 and 2020, respectively; outstanding shares - 41,243,137 and 1,046,599 at December 31, 2021 and 2020, respectively 41 1
Additional paid-in capital 413,967 100
Accumulated other comprehensive income (loss) (270) 0
Accumulated deficit (47,411) (14,739)
Total stockholders’ equity (deficit) 366,327 (14,638)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 379,824 $ 16,217