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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net loss $ (48,681) $ (26,488)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 227 217
Stock-based compensation 5,260 3,151
Non-cash interest expense 193 210
Amortization (accretion) of premiums/discounts on investments, net 320 (91)
Amortization of right-of-use asset 502 463
Change in fair value of warrant liability   75
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 1,995 29
Accounts payable and accrued liabilities 5,407 (1,260)
Lease liability (549) (427)
Net cash used in operating activities (35,326) (24,121)
Investing activities:    
Purchases of property and equipment (8) (172)
Purchases of short-term investments (39,176) (7,944)
Sales and maturities of short-term investments 65,941 37,033
Net cash provided by investing activities 26,757 28,917
Financing activities:    
Proceeds from issuance of common stock from initial public offering, net of issuance costs   77,750
Proceeds from exercise of common stock options 1,096 69
Repurchase of unvested common stock (1) (2)
Deferred issuance costs (37)  
Proceeds from issuance of common stock from employee stock purchase plan 147  
Net cash provided by financing activities 1,205 77,817
Net (decrease) increase in cash and cash equivalents (7,364) 82,613
Cash and cash equivalents at beginning of period 24,393 15,668
Cash and cash equivalents at end of period 17,029 98,281
Supplemental disclosure of cash flow information:    
Cash paid for interest 552 554
Supplemental non-cash investing and financing activities:    
Conversion of convertible preferred stock to common stock   122,465
Conversion of convertible preferred stock warrant to common stock warrant   259
Issuance costs in accounts payable and accrued liabilities 401 852
Vesting of common stock $ 20 $ 73