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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net loss $ (22,438) $ (4,053)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,026 805
Depreciation and amortization 45 25
Changes in operating assets and liabilities:    
Accounts receivable 2,307 13,634
Prepaid and other current assets (1,671) 1,880
Accounts payable (2,969) (2,963)
Accrued compensation and other accrued liabilities (31) 866
Operating lease liability and right-of-use asset 26 16
Deferred revenue (651) (15,000)
Net cash flows used in operating activities (24,356) (4,790)
Investing Activities    
Proceeds from maturities of short-term investments 27,581 33,457
Purchase of short-term investments   (6,019)
Purchases of property and equipment   (17)
Net cash flows provided by investing activities 27,581 27,421
Financing Activities    
Issuance of common stock for public offering, net of issuance costs 49,277 32,025
Issuance of common stock from stock grants and option exercises 182 339
Net cash flow provided by financing activities 49,459 32,364
Net increase in cash and cash equivalents 52,684 54,995
Cash and cash equivalents at beginning of the period 30,360 15,369
Cash and cash equivalents at end of the period $ 83,044 $ 70,364