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Condensed Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:        
Net loss $ (19,328,000) $ (5,125,000) $ (36,855,000) $ (8,651,000)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation     980,000 665,000
Depreciation 174,000 8,000 352,000 9,000
Amortization of intangible assets 125,000 0 260,000 0
Changes in operating assets and liabilities:        
Prepaid and other assets     4,431,000 (2,236,000)
Operating lease right-of-use assets and liabilities     (4,000) 31,000
Accounts payable     (2,368,000) 1,001,000
Accrued development expense     515,000 1,743,000
Accrued compensation and benefits     (1,701,000) 37,000
Other liabilities     (254,000) (44,000)
Net cash used in operating activities     (34,644,000) (7,445,000)
Cash flows from investing activities:        
Purchases of property and equipment     (1,891,000) (73,000)
Net cash used in investing activities     (1,891,000) (73,000)
Cash flows from financing activities:        
Proceeds from issuance of common stock upon exercise of stock options     330,000 1,749,000
Proceeds from issuance of common stock upon exercise of common stock warrants 0 0 692,000
Proceeds from common stock offering, net of issuance costs     189,825,000
Net cash provided by financing activities     330,000 192,266,000
Net (decrease) increase in cash and cash equivalents     (36,205,000) 184,748,000
Cash and cash equivalents at beginning of period     233,437,000 93,506,000
Cash and cash equivalents at end of period $ 197,232,000 $ 278,254,000 $ 197,232,000 $ 278,254,000