XML 32 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 248,009 $ 32,570
Short-term investments 165,052 59,614
Prepaid expenses and other current assets 6,741 1,119
Total current assets 419,802 93,303
Long-term investments 49,001 4,762
Total property and equipment, net 13,646 3,721
Operating lease right-of-use assets 27,322 473
Restricted cash 2,027 0
Other noncurrent assets 166 427
Total assets 511,964 102,686
Current liabilities:    
Accounts payable 4,550 1,506
Accrued expenses 4,974 818
Current portion of operating lease liabilities 937 285
Current portion of other liabilities 2,395 88
Total current liabilities 12,856 2,697
Noncurrent operating lease liabilities 31,120 211
Other noncurrent liabilities 2,469 74
Total liabilities 46,445 2,982
Commitments and contingencies (Note 13)
Convertible preferred stock, $0.001 par value; zero and 21,506,977 shares authorized as of December 31, 2020 and 2019, respectively; zero and 21,504,893 share issued and outstanding as of December 31, 2020 and 2019, respectively; zero and $123,016 liquidation preference as of December 31, 2020 and 2019, respectively. 0 122,907
Stockholder's equity:    
Common stock, $0.001 par value, 200,000,000 and 40,000,000 shares authorized as of December 31, 2020 and 2019 respectively; 54,073,901 and 5,660,391 shares issued and outstanding as of December 31, 2020 and 2019, respectively. 54 6
Additional paid-in capital 577,390 271
Accumulated deficit (111,906) (23,462)
Accumulated other comprehensive loss (19) (18)
Total stockholders' equity (deficit) 465,519 (23,203)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 511,964 $ 102,686