XML 19 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (37,482) $ (36,935)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 5,096 2,583
Non-cash operating lease expense 329 0
Change in fair value of redeemable convertible preferred stock tranche liability 0 11,718
Amortization of premiums and accretion of discounts on investments 223 83
Foreign currency loss (gain) from remeasurement 2,220 (245)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,219 (11,103)
Long-term assets (72) (2,633)
Accounts payable 91 1,287
Accrued liabilities (188) 1,791
Operating lease liabilities (356) 0
Net cash used in operating activities (28,920) (28,188)
Cash flows from investing activities:    
Purchase of marketable securities (81,249) (106,919)
Proceeds from maturities of marketable securities 101,411 0
Net cash provided by investing activities 20,162 (106,919)
Cash flows from financing activities    
Proceeds from issuance of common stock sold in initial public offering, net issuance costs 83,144
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 0 93,939
Proceeds from the exercise of stock options 0 111
Net cash provided by financing activities 0 177,194
Effect of exchange rate changes on cash and cash equivalents (2,220) 245
Net change in cash and cash equivalents (10,978) 42,332
Cash and cash equivalents at beginning of period 46,922 20,487
Cash and cash equivalents at end of period 35,944 62,819
Supplemental disclosure of cash operating activities:    
Conversion of redeemable convertible preferred stock to common stock 152,759
Cash paid for leases included in operating cash outflows 345 0
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease liabilities $ 915 $ 0