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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (18,701,000) $ (1,604,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 309,000 216,000
Change in fair value of derivative liability 0 (47,000)
Change in fair value and pushdown of profits interest liability 0 (5,703,000)
Stock-based compensation 4,643,000 0
Non-cash interest 0 167,000
Deferred rent (56,000) (27,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,307,000 (414,000)
Accounts payable and accrued expenses 117,000 2,480,000
Accrued interest (1,000) (379,000)
Deferred revenue 0 (89,000)
Net cash used in operating activities (14,994,000) (3,814,000)
Cash flows from investing activities    
Purchases of property and equipment (501,000) (20,000)
Net cash used in investing activities (501,000) (20,000)
Cash flows from financing activities    
Proceeds from issuance of convertible debt 0 500,000
Payment of initial public offering costs (1,911,000) 0
Net cash provided by (used in) financing activities (1,911,000) 500,000
Net decrease in cash and cash equivalents (17,406,000) (3,334,000)
Cash and cash equivalents, beginning of period 238,605,000 3,704,000
Cash and cash equivalents, end of period 221,199,000 370,000
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment additions included in accounts payable and accrued expenses $ 74,000 $ 155,000