XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net loss $ (89,998) $ (50,986)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 688 632
Stock-based compensation expense 9,996 7,324
Accretion of development financing liability 2,583
Write-off of deferred financing costs 312
Net accretion and amortization of investments in marketable securities 637 (104)
Changes in assets and liabilities:    
Other prepaid expenses and current assets 386 6,716
Other assets (1,513) (47)
Accounts payable 2,309 (2,272)
Accrued research and development expenses 5,054 (4,520)
Other accrued liabilities 115 (1,468)
Net cash used in operating activities (69,431) (44,725)
Investing activities    
Purchases of property and equipment (87) (21)
Purchases of marketable securities (78,084) (176,300)
Proceeds from maturities of marketable securities 126,760 224,278
Net cash provided by investing activities 48,589 47,957
Financing activities    
Proceeds from issuance of common stock and pre-funded warrants, net of issuance costs 70,499
Proceeds from development financing, net of transaction costs 47,737
Proceeds from issuance of common stock pursuant to equity award plans 219 92
Net cash provided by financing activities 118,455 92
Net increase in cash and cash equivalents 97,613 3,324
Cash and cash equivalents at beginning of period 28,193 24,869
Cash and cash equivalents at end of period 125,806 28,193
Supplemental disclosure    
Cash paid for amounts included in the measurement of lease liabilities 666 647
Supplemental non-cash investing and financing activities    
Unpaid financing costs $ 464