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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net loss $ (63,059) $ (32,672)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 841 113
Loss on disposal of assets 0 3
Stock-based compensation 17,203 6,910
Amortization (accretion) of premiums/discounts on investments, net (2,183) (172)
Changes in operating assets and liabilities:    
Accounts receivable 0 8,000
Prepaid expenses and other current assets (3,369) (1,805)
Other long-term assets (1,270) (392)
Accounts payable (294) 2,139
Accrued expenses (includes related party amounts of $(25) and $(512), respectively) 4,156 3,028
Deferred revenue 1,764 (2,137)
Operating lease right-of-use assets and liabilities, net 3,289 9
Net cash used in operating activities (42,922) (16,976)
Cash flows from investing activities    
Purchases of property and equipment (6,445) (1,482)
Purchases of short-term investments (294,389) (473,626)
Maturities of short-term investments 359,100 134,145
Net cash provided by (used in) investing activities 58,266 (340,963)
Cash flows from financing activities    
Proceeds from exercise of vested and unvested common stock options and employee stock purchase plan 500 1,810
Proceeds from initial public offering, net of issuance costs 0 204,167
Net cash provided by financing activities 500 386,524
Net increase in cash, cash equivalents and restricted cash 15,844 28,585
Cash, cash equivalents and restricted cash - beginning of year 36,398 7,813
Cash, cash equivalents and restricted cash - end of year 52,242 36,398
Supplemental disclosure of noncash investing and financing activities    
Conversion of convertible preferred stock to common stock in connection with initial public offering, converted 0 202,171
Unpaid property and equipment 109 38
Vesting of restricted common stock 1,034 475
Unrealized loss on available-for-sale securities, net (1,265) (270)
Operating lease liabilities arising from right-of-use assets 23,422 256
Series A Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 55,722
Series B Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of convertible preferred stock, net of issuance costs $ 0 $ 124,825