XML 49 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 64,330 $ 8,993
Marketable securities 296,112 63,119
Prepaid expenses and other current assets 6,686 1,854
Total current assets 367,128 73,966
Property and equipment, net 7,224 3,984
Restricted cash 5,237 463
Operating lease right-of-use assets 1,839 0
Other long term assets 2,696 0
Total assets 384,124 78,413
Current liabilities:    
Accounts payable 7,077 36
Accrued expenses 12,992 7,189
Operating lease obligations, current portion 1,955 0
Deferred rent, current portion 0 90
Total current liabilities 22,024 7,315
Deferred rent, net of current portion 0 125
Success payment liability (See Notes 5, 8 and 15) 4,371 2,806
Antidilution rights liability (See Notes 5, 8 and 15) 0 6,916
Other long term liabilities 377 0
Total liabilities 26,772 17,162
Commitments and contingencies (See Note 7 and 8)
Convertible preferred stock (See Note 10)
Stockholders’ equtiy (deficit):    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued and oustanding
Common stock, $0.001 par value; 200,000,000 and 255,000,000 shares authorized, 48,511,735 and 3,123,424 shares issued at December 31, 2021 and 2020, respectively; 48,511,735 and 2,585,789 shares outstanding at December 31, 2021 and 2020, respectively 49 3
Additional paid-in capital 544,381 2,616
Accumulated other comprehensive (loss) income (228) 8
Accumulated deficit (186,850) (66,536)
Total stockholders’ equity (deficit) 357,352 (63,909)
Total liabilities, convertible preferred stock, and stockholders’ equity (deficit) 384,124 78,413
Convertible Preferred Stock    
Current liabilities:    
Convertible preferred stock (See Note 10) 0 125,160
Stockholders’ equtiy (deficit):    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued and oustanding $ 0 $ 125,160