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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net loss $ (34,598) $ (15,929)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 74 42
Stock-based compensation 2,116 475
Loss on investment in joint venture 1,282 1,009
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (4,386) (75)
Accounts payable (607) (109)
Accrued expenses 472 (191)
Net cash used in operating activities (35,647) (14,778)
Cash Flows used in Investing Activities:    
Purchase of property and equipment (196) (31)
Investment in joint venture (2,000) (1,585)
Net cash used in investing activities (2,196) (1,616)
Cash Flows from Financing Activities:    
Proceeds from the issuance of common stock upon completion of the initial public offering, net of underwriting commissions and discounts of $6,488 86,200 0
Proceeds from issuance of common stock 0 145,205
Payments of offering costs (1,612) (309)
Net cash provided by financing activities 84,588 144,896
Net increase in cash and cash equivalents 46,745 128,502
Cash and cash equivalents - beginning of period 140,233 19,458
Cash and cash equivalents - end of period 186,978 147,960
Supplemental Disclosures of Noncash Investing and Financing Activities:    
Offering costs in accounts payable and accrued expenses 1,621 10
Property and equipment in accounts payable and accrued expenses $ 36 $ 6