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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
2023 Employee Bonus Plan
2022 Employee Bonus Plan
Common Stock
Common Stock
2023 Employee Bonus Plan
Common Stock
2022 Employee Bonus Plan
Additional Paid-in Capital
Additional Paid-in Capital
2023 Employee Bonus Plan
Additional Paid-in Capital
2022 Employee Bonus Plan
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022       33,393,737            
Beginning balance at Dec. 31, 2022 $ 68,748     $ 4     $ 156,485     $ (87,741)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (47,505)                 (47,505)
Issuance of common stock upon exercise of stock options (in shares)       1,844,602            
Issuance of common stock upon exercise of stock options 3,309           3,309      
Issuance of Class A common stock under the 2021 Plan (in shares)       1,589,837            
Issuance of Class A common stock related to the Employee Stock Purchase Plan ("ESPP") (in shares)       348,555            
Issuance of Class A common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") 1,171           1,171      
Issuance of restricted stock units related to the Bonus Plan (see Note 14) (in shares)           287,908        
Issuance of restricted stock units related to the Bonus Plan (see Note 14)     $ 1,848           $ 1,848  
Stock-based compensation 19,787           19,787      
Ending balance (in shares) at Sep. 30, 2023       37,464,639            
Ending balance at Sep. 30, 2023 47,358     $ 4     182,600     (135,246)
Beginning balance (in shares) at Jun. 30, 2023       35,984,501            
Beginning balance at Jun. 30, 2023 54,185     $ 4     173,372     (119,191)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (16,055)                 (16,055)
Issuance of common stock upon exercise of stock options (in shares)       659,837            
Issuance of common stock upon exercise of stock options 1,254           1,254      
Issuance of Class A common stock under the 2021 Plan (in shares)       820,301            
Stock-based compensation 7,974           7,974      
Ending balance (in shares) at Sep. 30, 2023       37,464,639            
Ending balance at Sep. 30, 2023 47,358     $ 4     182,600     (135,246)
Beginning balance (in shares) at Dec. 31, 2023 [1]       39,150,610            
Beginning balance at Dec. 31, 2023 44,938     $ 4 [1]     192,388     (147,454)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss $ (34,154)                 (34,154)
Issuance of common stock upon exercise of stock options (in shares) 2,135,767     2,135,767 [1]            
Issuance of common stock upon exercise of stock options $ 6,336           6,336      
Issuance of Class A common stock under the 2021 Plan (in shares) [1]       2,295,831            
Issuance of Class A common stock related to the Employee Stock Purchase Plan ("ESPP") (in shares) [1]       386,517            
Issuance of Class A common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") 1,359           1,359      
Issuance of restricted stock units related to the Bonus Plan (see Note 14) (in shares) [1]         296,448          
Issuance of restricted stock units related to the Bonus Plan (see Note 14)   $ 3,507           $ 3,507    
Stock-based compensation 20,845           20,845      
Ending balance (in shares) at Sep. 30, 2024 [1]       44,265,173            
Ending balance at Sep. 30, 2024 42,831     $ 4 [1]     224,435     (181,608)
Beginning balance (in shares) at Jun. 30, 2024 [1]       42,886,281            
Beginning balance at Jun. 30, 2024 45,098     $ 4 [1]     213,949     (168,855)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (12,753)                 (12,753)
Issuance of common stock upon exercise of stock options (in shares) [1]       440,938            
Issuance of common stock upon exercise of stock options 1,337           1,337      
Issuance of Class A common stock under the 2021 Plan (in shares) [1]       937,954            
Stock-based compensation 9,149           9,149      
Ending balance (in shares) at Sep. 30, 2024 [1]       44,265,173            
Ending balance at Sep. 30, 2024 $ 42,831     $ 4 [1]     $ 224,435     $ (181,608)
[1]
(1) On July 6, 2023, all shares of the Company’s then outstanding Class B common stock were automatically converted into the same number of Class A common stock, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 15 for further details.