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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (58,794) $ (50,964)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 178 171
Amortization of debt issuance costs 703 111
Stock-based compensation expense 7,196 8,026
Amortization of net contract asset/liability (566)  
Noncash lease expense 165 152
Noncash lease liability 133 162
Write-off of fixed assets 61  
Issuance of common stock for cost of license agreement 1,169  
Unrealized loss on foreign currency transactions 930  
Changes in operating assets and liabilities:    
Refund Liability (22,163)  
Net contract asset/liability 10,566  
Prepaid expenses and other current assets, non-current assets, and accounts receivable (2,481) (1,017)
Accounts payable, accrued expenses and other long term-liabilities 1,576 4,229
Net cash used in operating activities (61,327) (39,130)
Cash flows from investing activities    
Maturities of short-term investments   1,474
Deposit on property and equipment   (1,124)
Purchases of property and equipment (421) (172)
Net cash (used in) provided by investing activities (421) 178
Cash flows from financing activities    
Proceeds from exercise of stock options 1,747 801
Proceeds from notes payable, net of upfront fee 29,400 12,283
Financing costs, paid   (148)
Net cash provided by financing activities 31,147 12,936
Net decrease in cash and cash equivalents (30,601) (26,016)
Cash and cash equivalents-beginning of period 122,927 138,509
Cash and cash equivalents-end of period 92,326 112,493
Supplemental disclosure of cash flow information    
Debt issuance costs included in accrued expenses 563 1,723
Property and equipment in accrued expenses 1,198 $ 27
Property and equipment in deposits placed in service $ 1,665