XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (16,839) $ (9,716)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 180 89
Amortization of marketable securities 42  
Stock-based compensation 1,900 885
Non-cash operating lease expense 312 273
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 624 624
Accounts payable 4 48
Accrued expenses and other current liabilities (1,523) (1,810)
Lease liability (307) (89)
Deferred revenue (3,384) (3,474)
Deposits and other assets (793)  
Net cash flows used in operating activities (19,784) (13,170)
Cash flows from investing activities    
Purchases of property and equipment (33) (839)
Purchase of marketable securities (166,018)  
Net cash flows used in investing activities (166,051) (839)
Cash flows from financing activities    
Proceeds from initial public offering, net of offering costs   132,432
Payment of preferred issuance costs   (146)
Proceeds from exercise of stock options 495 242
Net cash flows provided by financing activities 495 132,528
Net increase (decrease) in cash and cash equivalents and restricted cash (185,340) 118,519
Cash, cash equivalents and restricted cash, beginning of period 233,089 163,363
Cash, cash equivalents and restricted cash, end of period 47,749 281,882
Cash and cash equivalents 46,877 281,010
Restricted cash included in other assets 872 872
Cash, cash equivalents and restricted cash, end of period $ 47,749 281,882
Supplemental disclosure of non-cash activities    
Purchases of property and equipment in accrued expense   157
Right-of-use assets and lease liabilities recognized upon lease inception   7,541
Deferred transaction costs in accounts payable and accrued expenses   $ 1,130