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Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (46,994) $ (19,256)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 438 49
Loss on disposal of assets 0 3
Stock-based compensation 12,998 3,966
Amortization (accretion) of premiums/discounts on investments, net (891) (114)
Changes in operating assets and liabilities:    
Accounts receivable (500) 8,000
Prepaid expenses and other current assets (includes related party amounts of $0 and $(36), respectively) (3,288) (1,832)
Other long-term assets (957) (140)
Accounts payable (includes related party amounts of $(36) and $0, respectively) (517) 2,621
Accrued expenses (includes related party amounts of $(16) and $(544), respectively) 3,151 1,107
Deferred revenue 3,859 (896)
Operating lease right-of-use assets and liabilities, net 1,692 (3)
Net cash used in operating activities (31,009) (6,495)
Cash flows from investing activities    
Purchases of property and equipment (4,389) (309)
Purchases of short-term investments (208,341) (370,125)
Maturities of short-term investments 272,600 22,145
Net cash provided by (used in) investing activities 59,870 (348,289)
Cash flows from financing activities    
Proceeds from exercise of vested and unvested common stock options and employee stock purchase plan 309 1,646
Proceeds from initial public offering, net of issuance costs 0 204,167
Net cash provided by financing activities 309 386,360
Net increase in cash and cash equivalents 29,170 31,576
Cash, cash equivalents and restricted cash -- beginning of year 36,398 7,813
Cash, cash equivalents and restricted cash -- end of period 65,568 39,389
Supplemental disclosure of noncash investing and financing activities    
Conversion of convertible preferred stock in connection with initial public offering 0 202,171
Unpaid property and equipment 1,189 853
Vesting of restricted common stock 880 326
Unpaid equity issuance costs 0 30
Unrealized gain (loss) on available-for-sale securities, net (2,007) 24
Operating lease liabilities arising from right-of-use assets 23,078 256
Series A Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of convertible preferred stock, net of issuance costs 0 55,722
Series B Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of convertible preferred stock, net of issuance costs $ 0 $ 124,825