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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 357,662 $ 2,379
Investment securities 36,056 33,712
Prepaid expense and other current assets (including related party amounts of $60 and $0, respectively) 1,572 142
Total current assets 395,290 36,233
Property and equipment, net 1,320 71
Right-of-use asset 3,743  
Deferred offering costs   212
Total assets 400,353 36,516
Current liabilities:    
Accounts payable (including related party amounts of $20 and $20, respectively) 2,216 1,399
Accrued expenses and other current liabilities (including related party amounts of $10 and $0, respectively) 3,289 931
Total current liabilities 5,505 2,330
Operating lease liability, net 3,273  
Other long-term liabilities 11 145
Total liabilities 8,789 2,475
Commitments and contingencies (See Note 9)
Convertible preferred stock, $0.0001 par value; no shares and 22,500,000 shares authorized, no shares and 22,012,499 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively; liquidation preference of zero and $45,625 as of September 30, 2021 and December 31, 2020, respectively   45,356
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value; 200,000,000 and 60,000,000 shares authorized, 55,654,833 and 16,604,774 shares issued, 55,224,420 and 15,957,821 shares outstanding at September 30, 2021 and December 31, 2020, respectively 6 1
Additional paid-in capital 427,953 451
Accumulated deficit (36,391) (11,923)
Accumulated other comprehensive income (4) 156
Total stockholders’ equity (deficit) 391,564 (11,315)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 400,353 $ 36,516