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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (19,209) $ (23,679)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 101 126
Non-cash lease expense 620 687
Stock-based compensation expense 2,299 3,263
Non-cash activity related to the sale of future royalties 3 (86)
Amortization of premiums and discounts on investments 0 (450)
Changes in operating assets and liabilities:    
Accounts receivable 597 248
Prepaid expenses and other assets 854 (783)
Accounts payable and accrued liabilities 119 (3,074)
Operating lease liability (645) (619)
Total adjustments 3,948 (688)
Net cash used in operating activities (15,261) (24,367)
Cash flows from investing activities:    
Purchase of investments 0 (18,098)
Sales and maturities of investments 0 29,650
Net cash provided by investing activities 0 11,552
Cash flows from financing activities:    
Proceeds from issuance of common stock, pre-funded warrants, and common warrants, net of issuance costs 9,422 291
Payment of liability of future royalties, net of imputed interest (4,020) (4,161)
Net cash provided by (used in) financing activities 5,402 (3,870)
Net decrease in cash and cash equivalents and restricted cash (9,859) (16,685)
Cash and cash equivalents and restricted cash, beginning of period 20,541 27,225
Cash and cash equivalents and restricted cash, end of period 10,682 10,540
Supplemental cash flow data:    
Issuance costs in accrued expenses and accounts payable 808 52
Cash paid for interest 802 0
Increase in right-of-use assets and operating lease liabilities 0 1,383
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 10,138 9,996
Restricted cash, long-term 544 544
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 10,682 $ 10,540