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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 $ (54,877) $ (38,789)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation expense 4,166 2,599
Change in fair value of warrant liability (192) 750
Change in fair value of convertible notes payable 2,477
Research and development expense - license amendment 841
Gain on forgiveness of note payable (147)
Net loss on extinguishment of convertible debt 2,387
Amortization of debt discount 1,582
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (5,103) (2,230)
Accounts payable 4,259 1,514
Accrued expenses 289 1,803
Derivative liability (1,174)
Licenses payable 800 (125)
Net cash used in operating activities (48,514) (30,656)
Cash flows (used in) provided by financing activities    
Payment of convertible note (13,551)
Proceeds from issuance of common stock, net of issuance costs 97,957
Proceeds from exercise of warrants 7,252
Proceeds from issuance of common stock in at-the-market offering 457
Payment of at-the-market offering issuance costs (273)
Proceeds from exercise of options 8 65
Proceeds from sales of common stock under ESPP 99 104
Net cash provided by financing activities 291 91,827
Net (decrease) increase in cash (48,223) 61,171
Cash, beginning of period 78,734 15,662
Cash, end of period 30,511 76,833
Supplemental disclosure of cash flow information:    
Cash paid for interest 11 10
Cash paid for income taxes
Non-cash investing and financing activities:    
Reclass of warrant liabilities related to Series A warrants exercised for cash 1,155
Right-of-use assets obtained in exchange for operating lease liabilities 75
Issuance of common stock for convertible notes 69
Issuance of common stock for license payable 840
At-the-market offering issuance costs, accrued but not paid 32
Issuance of common stock for settlement of debt 1,377
Extinguishment of beneficial conversion feature $ 1,519