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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (37,330) $ (22,397)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 328 234
Amortization of marketable securities 69  
Stock-based compensation 3,855 2,147
Non-cash operating lease expense 628 568
Loss on disposal of property and equipment 173  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,036) (1,859)
Accounts payable 952 452
Accrued expenses and other current liabilities (693) (872)
Lease liability (623) (144)
Deferred revenue (3,765) (7,023)
Deposits and other assets (793)  
Net cash flows used in operating activities (39,235) (28,894)
Cash flows from investing activities    
Purchases of property and equipment (69) (1,026)
Purchase of marketable securities (174,996)  
Sales and maturities of marketable securities 29,500  
Net cash flows used in investing activities (145,565) (1,026)
Cash flows from financing activities    
Proceeds from initial public offering, net of offering costs   131,302
Payment of preferred issuance costs   (146)
Proceeds from exercise of stock options 1,070 277
Net cash flows provided by financing activities 1,070 131,433
Net increase (decrease) in cash and cash equivalents and restricted cash (183,730) 101,513
Cash, cash equivalents and restricted cash, beginning of period 233,089 163,363
Cash, cash equivalents and restricted cash, end of period 49,359 264,876
Cash and cash equivalents 48,487 264,004
Restricted cash included in other assets 872 872
Cash, cash equivalents and restricted cash, end of period 49,359 264,876
Supplemental disclosure of non-cash activities    
Purchases of property and equipment in accrued expense $ 943 100
Right-of-use assets and lease liabilities recognized upon lease inception   $ 7,541