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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (30,166) $ (13,263)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 514 294
Non-cash lease expense 499 418
Amortization of premium on marketable securities 730 208
Stock-based compensation 4,203 670
Change in fair value of antidilution rights 0 (396)
Change in fair value of success payments liabilities (1,677) (382)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,149 (1,128)
Accounts payable (5,105) 1,928
Accrued expenses and other liabilities (3,131) (3,047)
Operating lease liabilities (523) (443)
Net cash used in operating activities (33,507) (15,141)
Cash flows from investing activities:    
Purchases of property and equipment (2,908) (1,070)
Purchases of marketable securities 0 (11,176)
Maturities of marketable securities 63,000 23,960
Net cash provided by investing activities 60,092 11,714
Cash flows from financing activities:    
Proceeds from issuance of Series B convertible preferred stock, net 0 93,759
Proceeds from exercise of stock options 505 72
Net cash provided by financing activities 505 93,831
Increase in cash, cash equivalents and restricted cash 27,090 90,404
Cash, cash equivalents and restricted cash—beginning of period 69,567 9,456
Cash, cash equivalents and restricted cash—end of period 96,657 99,860
Supplemental disclosure of noncash investing and financing activities:    
Property and equipment additions included in accounts payable and accrued expenses 2,017 528
Right-of-use assets obtained in exchange for new operating lease liabilities $ 0 $ 462