XML 16 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 166,037,000 $ 61,695,000
Short-term investments 32,535,000  
Prepaid expenses and other current assets 1,949,000 528,000
Total current assets 200,521,000 62,223,000
Property and equipment, net 1,495,000 81,000
Restricted cash 216,000 0
Prepaid and other long term assets   12,000
Long-term investments 4,256,000  
Right-of-use asset 3,045,000 210,000
Total assets 209,533,000 62,526,000
Current liabilities:    
Accounts payable 1,350,000 727,000
Accrued expenses and other current liabilities 3,116,000 633,000
Loan payable   36,000
Short-term operating lease liability 476,000 223,000
Total current liabilities 4,942,000 1,619,000
Long-term operating lease liability 2,575,000  
Total liabilities 7,517,000 1,619,000
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 and 0 shares authorized as of June 30, 2021 and December 31, 2020; 0 and 0 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively
Common stock, $0.0001 par value; 300,000,000 and 25,300,080 shares authorized as of June 30, 2021 and December 31, 2020, respectively; 28,990,180 and 11,953,107 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 2,000 1,000
Additional paid-in capital 224,438,000 13,343,000
Accumulated other comprehensive income 2,000  
Accumulated deficit (22,426,000) (8,175,000)
Total stockholders' equity 202,016,000 5,169,000
Total liabilities and stockholders' equity $ 209,533,000 62,526,000
Series A Convertible Preferred Stock    
Current liabilities:    
Series A convertible preferred stock, $0.0001 par value; 0 and 7,064,925 shares authorized as of June 30, 2021 and December 31, 2020; 0 and 7,064,925 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively   $ 55,738,000