XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE AND CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
Total
Series A Redeemable Convertible Preferred Stock
Series B Convertible Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Losses
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2020   45,000,000 0        
Beginning balance at Dec. 31, 2020   $ 31,136,000 $ 0        
Temporary Equity [Abstract]              
Accretion of preferred stock to redemption value   $ 1,194,000          
Ending balance (in shares) at Mar. 31, 2021   45,000,000 0        
Ending balance at Mar. 31, 2021   $ 32,330,000 $ 0        
Beginning balance (in shares) at Dec. 31, 2020       28,489,599      
Beginning balance at Dec. 31, 2020 $ 2,338,000     $ 0 $ 8,347,000 $ 0 $ (6,009,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Accretion of redeemable convertible preferred stock to redemption value (1,194,000)       (1,194,000)    
Issuance of common stock and settlement of the anti-dilution obligation (in shares)       1,443,638      
Stock-based compensation expense 206,000       206,000    
Net loss (86,660,000)           (86,660,000)
Ending balance (in shares) at Mar. 31, 2021       29,933,237      
Ending balance at Mar. 31, 2021 (85,310,000)     $ 0 7,358,000 0 (92,669,000)
Beginning balance (in shares) at Dec. 31, 2020   45,000,000 0        
Beginning balance at Dec. 31, 2020   $ 31,136,000 $ 0        
Temporary Equity [Abstract]              
Accretion of preferred stock to redemption value 1,468,000            
Ending balance (in shares) at Sep. 30, 2021   115,761,842 45,658,957        
Ending balance at Sep. 30, 2021   $ 196,157,000 $ 199,643,000        
Beginning balance (in shares) at Dec. 31, 2020       28,489,599      
Beginning balance at Dec. 31, 2020 2,338,000     $ 0 8,347,000 0 (6,009,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net loss (102,456,000)            
Change in unrealized gain on investments, net of tax (9,000)            
Ending balance (in shares) at Sep. 30, 2021       32,413,860      
Ending balance at Sep. 30, 2021 (94,418,000)     $ 0 14,055,000 (9,000) (108,465,000)
Beginning balance (in shares) at Mar. 31, 2021   45,000,000 0        
Beginning balance at Mar. 31, 2021   $ 32,330,000 $ 0        
Temporary Equity [Abstract]              
Accretion of preferred stock to redemption value   $ 274,000          
Issuance of redeemable convertible preferred stock including settlement of the third and fourth tranche right liability and issuance of convertible stock, net of issuance costs (in shares)   70,761,842 45,658,957        
Issuance of redeemable convertible preferred stock including settlement of the third and fourth tranche right liability and issuance of convertible stock, net of issuance costs (in shares)   $ 71,719,000 $ 199,643,000        
Reclassification of preferred stock tranche liability upon settlement   $ 91,834,000          
Ending balance (in shares) at Jun. 30, 2021   115,761,842 45,658,957        
Ending balance at Jun. 30, 2021   $ 196,157,000 $ 199,643,000        
Beginning balance (in shares) at Mar. 31, 2021       29,933,237      
Beginning balance at Mar. 31, 2021 (85,310,000)     $ 0 7,358,000 0 (92,669,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of Series A redeemable convertible preferred stock, including the settlement of the third and fourth tranche right liability, net of issuance costs of $41 (998,000)       (998,000)    
Accretion of redeemable convertible preferred stock to redemption value (274,000)       (274,000)    
Issuance of common stock and settlement of the anti-dilution obligation 7,536,000       7,536,000    
Issuance of common stock and settlement of the anti-dilution obligation (in shares)       2,498,850      
Stock-based compensation expense 94,000       94,000    
Net loss 616,000           616,000
Change in unrealized gain on investments, net of tax (34,000)         (34,000)  
Ending balance (in shares) at Jun. 30, 2021       32,432,087      
Ending balance at Jun. 30, 2021 (78,370,000)     $ 0 13,716,000 (34,000) (92,053,000)
Ending balance (in shares) at Sep. 30, 2021   115,761,842 45,658,957        
Ending balance at Sep. 30, 2021   $ 196,157,000 $ 199,643,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchase of unvested restricted common stock (in shares)       (18,227)      
Stock-based compensation expense 339,000       339,000    
Net loss (16,412,000)           (16,412,000)
Change in unrealized gain on investments, net of tax 25,000         25,000  
Ending balance (in shares) at Sep. 30, 2021       32,413,860      
Ending balance at Sep. 30, 2021 $ (94,418,000)     $ 0 14,055,000 (9,000) (108,465,000)
Beginning balance (in shares) at Dec. 31, 2021 161,420,799 115,761,842 45,658,957        
Beginning balance at Dec. 31, 2021 $ 395,800,000 $ 196,157,000 $ 199,643,000        
Ending balance (in shares) at Mar. 31, 2022   115,761,842 45,658,957        
Ending balance at Mar. 31, 2022   $ 196,157,000 $ 199,643,000        
Beginning balance (in shares) at Dec. 31, 2021 32,413,860     32,413,860      
Beginning balance at Dec. 31, 2021 $ (156,240,000)     $ 0 15,163,000 (27,000) (171,376,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Reclassification of related party forward contract 12,020,000     $ 1,101,525 12,020,000    
Stock-based compensation expense 1,123,000       1,123,000    
Net loss (23,840,000)           (23,840,000)
Change in unrealized gain on investments, net of tax (5,000)         (5,000)  
Ending balance (in shares) at Mar. 31, 2022       33,515,385      
Ending balance at Mar. 31, 2022 $ (166,942,000)     $ 0 28,306,000 (32,000) (195,216,000)
Beginning balance (in shares) at Dec. 31, 2021 161,420,799 115,761,842 45,658,957        
Beginning balance at Dec. 31, 2021 $ 395,800,000 $ 196,157,000 $ 199,643,000        
Temporary Equity [Abstract]              
Accretion of preferred stock to redemption value $ 0            
Ending balance (in shares) at Sep. 30, 2022 161,420,799 115,761,842 45,658,957        
Ending balance at Sep. 30, 2022 $ 395,800,000 $ 196,157,000 $ 199,643,000        
Beginning balance (in shares) at Dec. 31, 2021 32,413,860     32,413,860      
Beginning balance at Dec. 31, 2021 $ (156,240,000)     $ 0 15,163,000 (27,000) (171,376,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock upon exercise of stock options (in shares) 55,687            
Net loss $ (82,538,000)            
Change in unrealized gain on investments, net of tax $ (427,000)            
Ending balance (in shares) at Sep. 30, 2022 33,559,912     33,559,912      
Ending balance at Sep. 30, 2022 $ (223,096,000)     $ 0 31,272,000 (454,000) (253,914,000)
Beginning balance (in shares) at Mar. 31, 2022   115,761,842 45,658,957        
Beginning balance at Mar. 31, 2022   $ 196,157,000 $ 199,643,000        
Ending balance (in shares) at Jun. 30, 2022   115,761,842 45,658,957        
Ending balance at Jun. 30, 2022   $ 196,157,000 $ 199,643,000        
Beginning balance (in shares) at Mar. 31, 2022       33,515,385      
Beginning balance at Mar. 31, 2022 (166,942,000)     $ 0 28,306,000 (32,000) (195,216,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Repurchase of unvested restricted common stock (in shares)       (3,116)      
Stock-based compensation expense 1,345,000       1,345,000    
Net loss (29,348,000)           (29,348,000)
Change in unrealized gain on investments, net of tax (118,000)         (118,000)  
Ending balance (in shares) at Jun. 30, 2022       33,512,269      
Ending balance at Jun. 30, 2022 $ (195,063,000)     $ 0 29,651,000 (150,000) (224,564,000)
Ending balance (in shares) at Sep. 30, 2022 161,420,799 115,761,842 45,658,957        
Ending balance at Sep. 30, 2022 $ 395,800,000 $ 196,157,000 $ 199,643,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock upon exercise of stock options (in shares)       55,687      
Issuance of common stock upon exercise of stock options 204,000       204,000    
Repurchase of unvested restricted common stock (in shares)       (8,044)      
Stock-based compensation expense 1,417,000       1,417,000    
Net loss (29,350,000)           (29,350,000)
Change in unrealized gain on investments, net of tax $ (304,000)         (304,000)  
Ending balance (in shares) at Sep. 30, 2022 33,559,912     33,559,912      
Ending balance at Sep. 30, 2022 $ (223,096,000)     $ 0 $ 31,272,000 $ (454,000) $ (253,914,000)