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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (63,860) $ (63,683)
Adjustments to reconcile net loss to net cash used in operating activities:    
Early termination of operating lease (454)  
Stock-based compensation expense 6,964 6,388
Non-cash interest expense 900 822
Depreciation and amortization 469 745
Changes in operating assets and liabilities:    
Receivables 23,676 (27,997)
Prepaid expenses and other assets (3,668) 6,010
OMIDRIA contract royalty asset 13,964  
Accounts payable and accrued expense (12,653) 9,869
Net cash used in operating activities (34,662) (67,846)
Investing activities:    
Purchases of investments (103,169) (4)
Proceeds from the sale and maturities of investments 51,200 63,500
Purchases of property and equipment (103) (100)
Net cash provided by (used in) investing activities (52,072) 63,396
Financing activities:    
Proceeds upon exercise of stock options and warrants 414 7,468
Payments on finance lease obligations (352) (576)
At the market offering costs   (241)
Net cash provided by financing activities 62 6,651
Net decrease in cash and cash equivalents (86,672) 2,201
Cash and cash equivalents at beginning of period 100,808 10,501
Cash and cash equivalents at end of period 14,136 12,702
Supplemental cash flow information    
Cash paid for interest 8,998 9,012
Property acquired under finance lease $ 557 $ 39