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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (56,617) $ (15,762)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and accretion (249) 144
Reduction in the carrying amount of operating lease right of use assets 1,676 0
Stock-based compensation 6,139 2,050
Issuance of common stock for licensing payment 3,661 0
Restructuring payments 0 (875)
Gain on sale of PNAi technology 0 (2,691)
Change in fair value of non-marketable equity securities 745 645
Changes in operating assets and liabilities:    
Prepaid expense and other current assets (7,700) (3,012)
Other assets (98) 0
Accounts payable 5,627 55
Accrued and other current liabilities 2,291 2,176
Operating lease liabilities (1,909) 0
Net cash used in operating activities (46,434) (17,270)
Cash flows from investing activities    
Proceeds from sale of PNAi technology 0 796
Purchase of property and equipment (62) 0
Purchase of marketable securities (137,927) 0
Proceeds from maturities of marketable securities 54,000 0
Net cash (used in) provided by investing activities (83,989) 796
Cash flows from financing activities    
Proceeds from exercise of stock options and employee stock purchase plan 1,256 550
Proceeds from issuance of Class A common stock upon initial public offering, net of underwriting discounts and commissions 0 51,176
Proceeds from issuance of Class A common stock follow-on offering 86,132 0
Payment of costs related to initial public offering 0 (2,765)
Payment of costs and underwriting discounts and commissions related to follow-on offering (6,164) 0
Net cash provided by financing activities 81,224 48,961
Net increase (decrease) in cash and cash equivalents and restricted cash (49,199) 32,487
Cash, cash equivalents and restricted cash, beginning of period 79,967 53,997
Cash, cash equivalents and restricted cash, end of period 30,768 86,484
Supplemental disclosure of cash flow information    
Cash paid for interest 336 0
Cash paid for operating leases 1,991 0
Issuance of common stock in payment of licensing fee 2,000 0
Reclassification of redeemable convertible preferred stock into Class A common stock and Class B common stock upon initial public offering 0 139,576
Non-marketable equity securities received as partial proceeds from sale of PNAi technology 0 1,759
Lease assignment 0 136
Cash and cash equivalents [Member]    
Cash flows from financing activities    
Cash, cash equivalents and restricted cash, end of period 30,475 86,191
Restricted cash [Member]    
Cash flows from financing activities    
Cash, cash equivalents and restricted cash, end of period $ 293 $ 293