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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net loss $ (44,355) $ (24,734) $ (11,216)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation 373 348 383
Stock-based compensation expense 4,310 406 60
Amortization of premiums and discounts on marketable securities, net 9 0 0
Amortization of discounts and loan issuance costs 29 71 73
Noncash interest expense 110 7,027 374
Change in fair value of preferred warrant liability 75 15 0
Changes in operating assets and liabilities:      
Prepaid and other assets (2,444) (949) 12
Accounts payable and accrued liabilities 5,749 436 780
Accrued compensation 1,838 1,010 127
Operating lease right-of-use assets and liabilities, net 289 (80) 0
Deferred rent 0 0 (7)
Deferred revenue (3,100) 18,940 (241)
Net cash (used in) provided by operating activities (37,117) 2,490 (9,655)
Cash flows from investing activities      
Purchases of marketable securities (6,693) 0 0
Purchases of property and equipment (1,092) (235) (49)
Net cash used in investing activities (7,785) (235) (49)
Cash flows from financing activities      
Proceeds from issuance of common stock in initial public offering, gross 298,080 0 0
Payment of issuance costs related to initial public offering (24,026) 0 0
Proceeds from exercise of stock/unit options, net of repurchases 22 65 162
Proceeds from issuance of common stock under employee stock purchase plan 444 0 0
Proceeds from long-term debt, net of issuance costs 0 0 1,994
Payments on long-term debt (4,683) (2,800) 0
Distributions to members 0 (106) 0
Proceeds from issuance of Series C convertible preferred stock, net of issuance costs 2,200 72,623 0
Proceeds from issuance of convertible notes, net of issuance costs 0 19,451 2,988
Net cash provided by financing activities 272,037 89,233 5,144
Net increase (decrease) in cash, cash equivalents and restricted cash 227,135 91,488 (4,560)
Cash, cash equivalents and restricted cash at beginning of period 94,578 3,090 7,650
Cash, cash equivalents and restricted cash at end of period 321,713 94,578 3,090
Supplemental disclosure of cash flow information:      
Cash paid for interest 571 322 291
Supplemental schedule of noncash investing and financing activities:      
Right-of-use assets obtained in exchange for operating lease liabilities 936 807 0
Costs incurred, but not paid, in connection with purchases of property and equipment included in accounts payable and accrued liabilities 118 43 0
Conversion of convertible preferred stock into common stock upon completion of initial public offering 136,920 0 0
Issuance of Series C convertible preferred stock upon conversion of outstanding convertible notes 0 29,510 0
Reclassification of warrant liability to equity due to adjustment from preferred stock warrant to common stock warrant upon completion of initial public offering $ 120 $ 0 $ 0