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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (17,464) $ (21,158)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 16 94
Amortization of right-of-use assets 66 116
Foreign currency (gain) loss (29) 15
Amortization of debt issuance costs 198 277
Amortization on premium to short-term investments 371 668
Stock-based compensation 1,030 1,717
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,337 (170)
Non-current assets (803) (890)
Accounts payable and accrued expenses and other current liabilities (2,463) (2,413)
Long-term liabilities   (47)
Net cash used in operating activities (17,741) (21,791)
Cash flows from investing activities:    
Purchase of property and equipment (5) (6)
Purchase of available-for-sale securities, net (16,004) (114,445)
Maturities of available-for-sale securities 83,593 33,280
Sale of available-for-sale securities, net 11,276  
Net cash provided by (used in) investing activities 78,860 (81,171)
Cash flows from financing activities:    
Repurchase of outstanding pre-funded warrants   (3,909)
Repayment of long-term debt (26,350)  
Proceeds from long-term debt, net [1] 26,438  
Issuance of common stock and pre-funded warrants in public offering, net of offering costs   122,148
Proceeds from exercise of stock options   5
Issuance of common stock upon exercise of warrants, net   2,546
Repurchase of shares for minimum tax withholdings (1)  
Net cash provided by financing activities 87 120,790
Effect of exchange rate changes on cash and cash equivalents (65) (55)
Increase in cash and cash equivalents 61,141 17,773
Cash and cash equivalents beginning of period 34,012 22,880
Cash and cash equivalents end of period 95,153 40,653
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 857 $ 974
[1] As discussed in Note 6. Long-term Debt, the Amended Loan Agreement (as defined herein) was accounted for as a modification. The Company used the proceeds from the Amended Loan Agreement to repay the outstanding amounts under the Loan Agreement from Silicon Valley Bank.