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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ 37,096 $ (42,366)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation expense 861 2,009
Depreciation and amortization 180 90
Bad debt expense 200  
Net gain on disposal of assets (57,245)  
Changes in operating assets and liabilities:    
Accounts and other receivables 1,618 1,342
Prepaid and other current assets 2,197 (2,338)
Accounts payable (5,382) (4,091)
Accrued compensation and other accrued liabilities (3,680) 663
Operating lease liability and right-of-use asset 41 157
Deferred revenue (230) 55
Net cash flows used in operating activities (24,344) (44,479)
Investing Activities    
Proceeds from maturities of short-term investments 2,504 38,632
Proceeds from the sale of property and equipment 447  
Proceeds from the sale of complement portfolio to Vertex 55,000  
Payment of transaction costs in connection with sale of complement portfolio to Vertex (2,576)  
Purchases of property and equipment   (347)
Net cash flows provided by investing activities 55,375 38,285
Financing Activities    
Issuance of common stock for public offering, net of issuance costs   49,250
Issuance of common stock from stock grants and option exercises 16 205
Net cash flow provided by financing activities 16 49,455
Net increase in cash and cash equivalents 31,047 43,261
Cash and cash equivalents at beginning of the period 44,347 30,360
Cash and cash equivalents at end of the period $ 75,394 73,621
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Right-of-use assets obtained in exchange for operating lease liabilities   $ 1,850