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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (45,988) $ (61,400)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,071 466
Stock-based compensation 7,171 3,437
Change in fair value of convertible promissory notes 0 35,199
Change in fair value of warrant liability 0 2,180
Amortization of premium on short-term investments 1,565 540
Amortization of right-of-use lease assets 1,573 0
Accretion of debt issuance costs 79 160
Changes in operating assets and liabilities:    
Inventory (9,309) 0
Prepaid expenses and other current assets (1,049) (5,903)
Other noncurrent assets (921) (909)
Accounts payable 1,307 766
Accrued expenses (222) 217
Other current liabilities 0 (122)
Lease liabilities (668) 0
Other noncurrent liabilities 0 343
Net cash used in operating activities (45,391) (25,026)
Investing activities    
Purchases of short-term investments (65,139) (122,655)
Sales of short-term investments 15,311 17,045
Maturities of shot-term investments 51,285 5,256
Purchases of property and equipment (3,077) (1,473)
Net cash used in investing activities (1,620) (101,827)
Financing activities    
Proceeds from initial public offering, net of issuance costs 0 238,644
Proceeds from issuance of common stock under equity incentive plans, net of repurchases (365) 3,494
Proceeds from issuance of common stock under employee stock purchase plan 489 0
Proceeds from issuance of convertible promisorry notes 0 130,500
Net cash provided by financing activities 124 372,638
Net (decrease) increase in cash and cash equivalents and restricted cash (46,887) 245,785
Cash and cash equivalents and restricted cash, beginning of year 201,736 12,170
Cash and cash equivalents and restricted cash, end of year 154,849 257,955
Supplemental disclosure for cash activities    
Interest paid 222 260
Supplemental disclosure for non-cash activities    
Initial lease liability recognized upon adoption of ASC 842 7,074 0
Initial lease liability recognized upon lease commencements during the period 43,231 0
Vesting of restricted stock 495 322
Deferred offering costs in accrued expenses 0 1,445
Conversion of preferred stock to common stock 0 69,184
Conversion of convertible promissory notes to common stock 0 165,699
Inventory transferred to property and equipment 104 0
Noncurrent desposit transferred to property and equipment 759 0
Purchase of property and equipment included in accounts payable $ 362 $ 60