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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net loss $ (98,771) $ (27,945)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 1,133 639
Loss on disposal of property and equipment 94 0
Stock-based compensation 9,231 1,060
Change in fair value of convertible promissory notes 35,199 0
Change in fair value of warrant liability 2,180 198
Amortization of premium on short -term investments 1,865 83
Accretion of debt issuance costs 279 234
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (6,851) (391)
Other noncurrent assets (1,048) 0
Accounts payable 1,854 (148)
Accrued expenses 2,686 1,132
Other current liabilities (176) 240
Other noncurrent liabilities 624 25
Net cash used in operating activities (51,701) (24,873)
Investing activities    
Purchases of short-term investments (195,684) (6,077)
Sales of short-term investments 33,688 20,616
Maturities of shot-term investments 35,999 10,846
Purchases of property and equipment (4,864) (1,380)
Net cash (used in) provided by investing activities (130,861) 24,005
Financing activities    
Proceeds from initial public offering, net of issuance costs 237,199 0
Proceeds from issuance of common stock, net of repurchases 3,577 45
Proceeds from issuance under employee stock purchase program 752 0
Proceeds from issuance of convertible promisorry notes 130,500 0
Proceeds from issuance of debt 10,500 7,500
Repayments of debt principal and issuance costs in connection with refinancing (10,400) 0
Issuance costs in connection with Series B convertible preferred stock 0 (30)
Net cash provided by financing activities 372,128 7,515
Increase in cash and cash equivalents and restricted cash 189,566 6,647
Cash and cash equivalents and restricted cash, beginning of year 12,170 5,523
Cash and cash equivalents and restricted cash, end of period 201,736 12,170
Supplemental disclosure for cash activities    
Interest paid 569 461
Supplemental disclosure for non-cash activities    
Vesting of restricted stock 798 33
Cashless warrant exercise 300 0
Conversion of preferred stock to common stock 69,184 0
Conversion of convertible promissory notes to common stock 165,699 0
Purchase of property plant and equipment included in accounts payable 67 14
Warrants issued in connection with issuance of long-term debt $ 189