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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (53,160) $ (49,082)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 601 636
Loss on disposal of property and equipment 6 4
Stock-based compensation 7,474 16,941
Accrued interest 3
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (2,595) (2,646)
Accounts payable and accrued expenses 5,849 5,716
Right-of-use assets and lease liabilities, net (232) (111)
Net cash used in operating activities (42,057) (28,539)
Cash flows from investing activities    
Purchases of property and equipment (179) (736)
Proceeds from sale of property and equipment 3
Net cash used in investing activities (176) (736)
Cash flows from financing activities    
Payment of initial public offering costs (1,911)
Proceeds from issuance of common stock under Employee Stock Purchase Plan 19 190
Payments for taxes related to net settlement of equity awards (475)
Net cash used in financing activities (456) (1,721)
Net decrease in cash and cash equivalents (42,689) (30,996)
Cash and cash equivalents, beginning of period 244,979 238,605
Cash and cash equivalents, end of period 202,290 207,609
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment additions included in accounts payable and accrued expenses 33 42
Tax related to net settlement of equity awards included in accounts payable and accrued expenses $ 18