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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 68,413 $ 18,820
Restricted cash 45 0
Prepaid expenses and other current assets 2,036 1,005
Total current assets 70,494 19,825
Property and equipment — net 1,218 1,110
Operating lease right-of-use assets 3,673 1,877
Other noncurrent assets 112 51
Total assets 75,497 22,863
Current liabilities:    
Accounts payable 6,695 1,071
Accrued expenses 948 665
Current operating lease liabilities 1,484 712
Accrued compensation 540 695
Interest payable 89 0
Early option exercise liability 38 79
Total current liabilities 9,794 3,222
Loan payable (net of issuance costs of $85) 14,915 0
Operating lease liabilities 2,674 1,727
Total liabilities 27,383 4,949
Commitments and contingencies (Note 8)
Convertible preferred stock, $0.001 par value; 135,936,731 shares authorized at June 30, 2021 and December 31, 2020; nil and 114,686,731 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively; liquidation preference of $0 and $100,186,732 at June 30, 2021 and December 31, 2020, respectively 0 86,707
Stockholders' equity (deficit):    
Common stock, $0.001 par value; 196,000,000 shares authorized at June 30, 2021 and December 31, 2020; 6,637,081 and 527,265 shares issued and outstanding, 8,767 and 29,041 subject to repurchase at June 30, 2021 and December 31, 2020, respectively 7 15
Additional paid-in capital 132,281 2,953
Accumulated deficit (84,174) (71,761)
Total stockholders' equity (deficit) 48,114 (68,793)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 75,497 $ 22,863