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Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (13,410) $ (2,284)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 81 9
Stock-based compensation 3,958 123
Amortization (accretion) of premiums/discounts on investments, net (24) 0
Changes in operating assets and liabilities:    
Accounts receivable 0 7,625
Prepaid expenses and other current assets (includes related party amounts of $23 and $(50), respectively) (1,400) (13)
Other long-term assets 55 0
Accounts payable (740) 347
Accrued expenses (includes related party amounts of $(32) and $(544), respectively) 1,158 (240)
Deferred revenue (1,214) (4)
Operating lease right-of-use assets and liabilities, net 14 0
Net cash (used in) provided by operating activities (11,522) 5,563
Cash flows from investing activities    
Purchases of property and equipment (971) (153)
Purchases of short-term investments (45,061) 0
Maturities of short-term investments 77,100 0
Net cash provided by (used in) investing activities 31,068 (153)
Cash flows from financing activities    
Proceeds from exercise of vested and unvested common stock options and employee stock purchase plan 1 1,646
Payment of initial public offering costs 0 (100)
Net cash provided by financing activities 1 57,546
Net increase in cash and cash equivalents 19,547 62,956
Cash, cash equivalents and restricted cash -- beginning of period 36,398 7,813
Cash, cash equivalents and restricted cash -- end of period 55,945 70,769
Supplemental disclosure of noncash investing and financing activities    
Unpaid fixed asset additions 396 4
Vesting of restricted common stock 503 8
Unpaid equity issuance costs 0 278
Unrealized loss on short-term investments (1,297) 0
Series A Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of Series A convertible preferred stock, net of issuance costs $ 0 $ 56,000