v3.22.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (12,946) $ (9,702)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,811 1,310
Amortization of discount/premium on investments (48) 29
Depreciation 219 116
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 93 1,145
Other assets (628) (1)
Accounts payable 1,712 (329)
Accrued and other current liabilities (3,022) (1,238)
Net cash used in operating activities (12,809) (8,670)
Cash flows from investing activities:    
Purchases of property and equipment (147) (97)
Purchases of investments (49,764)  
Proceeds from maturities of investments   2,450
Net cash (used in) provided by investing activities (49,911) 2,353
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs   2,165
Proceeds from issuance of common stock in connection with the exercise of stock options 51  
Net cash provided by financing activities 51 2,165
Net decrease in cash and cash equivalents (62,669) (4,152)
Cash and cash equivalents—beginning of period 122,222 101,429
Cash and cash equivalents—end of period $ 59,553 97,277
Supplemental disclosures of non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable   $ 376

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