XML 43 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (57,846) $ (34,440) $ (25,352)
Adjustments to reconcile net loss to net cash used in operating activities: activities:      
Stock-based compensation 5,340 1,933 908
Depreciation 307 318 388
Amortization of premiums on marketable securities 550 152 62
Non-cash lease expense 974    
Other (19) 143 8
Change in operating assets and liabilities:      
Prepaid expenses and other assets 38 (2,732) (275)
Accounts payable 191 (1,230) 1,799
Accrued expenses 3,894 3,117 397
Net cash used in operating activities (46,571) (32,739) (22,065)
Cash flows from investing activities:      
Acquisition of property and equipment (1,349) (148) (109)
Purchase of marketable securities (256,845) (14,512) (43,452)
Maturities of marketable securities 114,610 42,571 46,792
Net cash (used in) provided by investing activities (143,584) 27,911 3,231
Cash flows from financing activities:      
Proceeds from issuance of convertible preferred stock, net issuance costs   69,790 61,705
Proceeds from the issuance of common stock, net   223,176  
Proceeds from exercise of stock options 2,022 6 100
Net cash provided by financing activities 2,022 292,972 61,805
Net (decrease) increase in cash, cash equivalents, and restricted cash (188,133) 288,144 42,971
Cash, cash equivalents, and restricted cash—beginning of period 361,422 73,278 30,307
Cash, cash equivalents, and restricted cash—end of period 173,289 361,422 73,278
Supplemental disclosures of noncash investing activities      
Lease incentives used for leasehold improvements (88)    
Accrued purchases of property and equipment 1,391    
Conversion of convertible preferred stock to common stock   238,723  
Conversion of warrant liability to common stock   194  
Supplemental disclosures of cash flow information      
Cash paid for income tax $ 23 $ 6 $ 8