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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows used in operating activities    
Net Loss $ (17,775) $ (7,055)
Adjustments to reconcile net los to net cash used in operating activities:    
Stock-based compensation expense 1,691 187
Non-cash operating lease expense 37  
Net accretion of discounts on investments (72) 11
Changes in operating assets and liabilities:    
Increase in prepaid expenses and other assets (2,644) (956)
Increase in accounts payable 1,987 652
Decrease in accrued compensation (203) (129)
Increase in accrued liabilities 679 490
Decrease in operating lease liabilities (37)  
Net cash used in operating activities (16,337) (6,800)
Cash flows from investing activities    
Purchase of investments (53,984) (49,284)
Proceeds upon maturities of investments 28,475  
Net cash provided by investing activities (25,509) (49,284)
Cash flows from financing activities    
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs   79,734
Proceeds from exercise of stock options   10
Repurchase of early exercised stock options (11)  
Proceeds from issuance of common stock from the initial public offering, net of underwriting discounts, commissions and offering expenses 70,376  
Net cash provided by financing activities 70,365 79,744
Net increase in cash and cash equivalents 28,519 23,660
Cash and cash equivalents at the beginning of the period 12,097 4,070
Cash and cash equivalents at the end of the period 40,616 27,730
Supplemental Cash Flow Elements [Abstract]    
Conversion of redeemable convertible preferred stock into common stock 111,139  
Accretion to redemption value and cumulative dividends on preferred stock 1,820 $ 2,665
Issuance costs for initial public offering included in accounts payable and accrued liabilities $ 10