XML 44 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net loss $ (54,648) $ (32,716)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,066 1,937
Stock-based compensation 2,316 635
Non-cash operating lease expense 1,231 992
Amortization of premium on marketable securities, net 105 1
Change in fair value of warrant liabilities (71) 0
Transaction costs allocated to warrants in connection with Business Combination 409 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,296) (732)
Other assets (510) 10
Accounts payable 857 537
Accrued and other liabilities 3,789 1,903
Operating lease liabilities (2,061) (1,666)
Net cash used in operating activities (48,813) (29,099)
Investing activities:    
Purchases of property and equipment (1,269) (874)
Purchases of marketable securities (91,739) (14,201)
Proceeds from sales of marketable securities 1,100 0
Proceeds from maturities of marketable securities 14,200 0
Net cash used in investing activities (77,708) (15,075)
Financing activities:    
Proceeds from issuance of common stock upon Business Combination and PIPE Financing, net of transaction costs 124,220 0
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 0 49,886
Proceeds from exercise of stock options 411 167
Repurchase of early exercised stock options (1) (1)
Net cash provided by financing activities 124,630 50,052
Net (decrease) increase in cash, cash equivalents and restricted cash (1,891) 5,878
Cash, cash equivalents and restricted cash at beginning of year 35,387 29,509
Cash, cash equivalents and restricted cash at end of year 33,496 35,387
Supplemental disclosure of noncash investing and financing activities:    
Conversion of redeemable convertible preferred stock into common stock 133,097 0
Assumption of warrant liabilities in Business Combination 8,372 0
Transaction costs in Business Combination included in accounts payable and accrued liabilities 1,792 0
Purchases of property and equipment included in accounts payable 22 267
Vesting of early exercises of stock options 207 85
Reclassification to liability for early exercised stock options 225 150
Increase in right-of-use assets and lease liabilities due to lease extension 257 0
Right-of-use asset obtained in exchange for operating lease liabilities   563
Reconciliation Of Cash Cash Equivalents And Restricted Cash To Consolidated Balance Sheets Abstract    
Cash and cash equivalents 33,091 34,982
Restricted cash 405 405
Cash, cash equivalents and restricted cash $ 33,496 $ 35,387