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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 298,569 $ 2,379
Investment securities 85,495 33,712
Prepaid expenses and other current assets 1,371 142
Total current assets 385,435 36,233
Property and equipment, net 1,508 71
Right-of-use asset, related party 3,614  
Deferred offering costs   212
Total assets 390,557 36,516
Current liabilities:    
Accounts payable (including related party amounts of $0 and $20,respectively) 1,620 1,399
Accrued expenses and other current liabilities (including related party amounts of $504 and $0, respectively) 3,663 931
Total current liabilities 5,283 2,330
Operating lease liability, net, related party 3,144  
Other long-term liabilities   145
Total liabilities 8,427 2,475
Commitments and contingencies (See Note 12)
Convertible preferred stock; $0.0001 par value; no shares and 22,012,499 shares issued and outstanding at December 31, 2021 and 2020,respectively; liquidation preference of zero and $45,625 as of December 31, 2021 and 2020, respectively   45,356
Stockholders’ equity (deficit):    
Common stock: $0.0001 par value; 200,000,000 and 60,000,000 shares authorized, 55,681,752 and 16,604,774 shares issued, 55,441,926 and 15,957,821 shares outstanding at December 31, 2021 and 2020,respectively 6 1
Additional paid-in capital 429,824 451
Accumulated deficit (47,456) (11,923)
Accumulated other comprehensive income (244) 156
Total stockholders’ equity (deficit) 382,130 (11,315)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 390,557 $ 36,516