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Condensed Statements of Cash Flows (Unaudited)
$ in Thousands
9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Cash flows from operating activities:    
Net loss $ (90,149) $ (46,570)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,350 2,170
Amortization of premium on marketable securities 76 6
Stock-based compensation 8,280 1,902
Loss on write-offs and disposal of property and equipment 27 4
Non-cash operating lease expense 1,510 743
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (3,278) (3,029)
Other noncurrent assets (672) (3,063)
Accounts payable (1,803) 2,518
Accrued and other current liabilities 2,051 1,729
Operating lease liabilities (2,147) (952)
Other noncurrent liabilities 13 77
Net cash used in operating activities (81,742) (44,465)
Cash flows from investing activities:    
Purchases of property and equipment (19,835) (12,567)
Purchases of marketable securities (108,737) (163,417)
Proceeds from maturities of marketable securities 206,250  
Net cash provided by (used in) investing activities 77,678 (175,984)
Cash flows from financing activities:    
Proceeds from initial public offering, net of issuance costs   188,605
Proceeds from exercise of stock options and employee stock purchase plan 281 343
Repurchase of common stock   (13)
Proceeds from repayments on notes receivable from stockholders   75
Net cash provided by financing activities 281 208,991
Net change in cash, cash equivalents and restricted cash (3,783) (11,458)
Cash and cash equivalents and restricted cash at beginning of period 38,676 129,082
Cash and cash equivalents and restricted cash at end of period 34,893 117,624
Components of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 34,494 117,077
Restricted cash included in other noncurrent assets 399 547
Cash, cash equivalents and restricted cash 34,893 117,624
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of convertible preferred stock to common stock upon completion of initial public offering   220,754
Offering costs related to initial public offering included in accounts payable and accrued and other current liabilities   64
Property and equipment included in accounts payable and accrued and other current liabilities $ 263 3,677
Series C Convertible Preferred Stock    
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred stock, net of issuance costs   $ 19,981