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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net loss $ (33,917) $ (65,051) $ (70,252)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain from sale of priority review vouches (46,493)    
Income related to asset purchase agreement (281)    
Depreciation and amortization 276 167 68
Amortization of debt securities premiums and discounts 996 124 (467)
Stock-based compensation 7,901 5,973 5,679
Non-cash interest expense 776 804 723
Amortization of operating lease right-of-use assets 523 478 418
Common stock issued under Product Development Agreement 218 217 226
Changes in operating assets and liabilities:      
Accounts receivable (2,576)    
Inventories (2,424)    
Prepaid expenses and other current assets (701) (3,563) (3,698)
Other assets (607) (1,392) (2,075)
Accounts payable 3,234 (1,899) 584
Accrued liabilities 2,309 1,491 5,610
Operating lease liabilities (576) (534) (430)
Net cash used in operating activities (71,342) (63,185) (63,614)
Investing Activities      
Purchase of debt securities available-for-sale (84,647) (128,295) (96,267)
Proceeds from maturities of debt securities available-for-sale 99,630 83,766 80,271
Proceeds related to asset purchase agreement 281    
Proceeds from sale of priority review voucher 95,000    
Payments related to priority review voucher (48,507)    
Purchase of property and equipment (225) (258) (475)
Net cash provided by (used) in investing activities 61,532 (44,787) (16,471)
Financing Activities      
Issuance of common stock upon offering at-the-market, net of commissions 3,040 96,779  
Proceeds from issuance of common stock upon stock option exercises 361 520 844
Proceeds from issuance of common stock upon ESPP purchase 257 186 130
Payment of debt issuance costs (175)    
Common stock offering costs (316) (22) (19)
Proceeds from borrowings in connection with term loan, net of issuance costs     6,627
Repayment of accrued exit fee and second amendment fee     (913)
Repayment of term loan     (1,667)
Net cash provided by financing activities 3,167 97,463 58,196
Net decrease in cash and cash equivalents (6,643) (10,509) (21,889)
Cash and cash equivalents at beginning of year 28,864 39,373 61,262
Cash and cash equivalents at end of year 22,221 28,864 39,373
Supplemental disclosure of cash flow information:      
Interest paid $ 2,783 $ 2,791 2,638
Public Offering [Member]      
Financing Activities      
Issuance of common stock upon offering at-the-market, net of commissions     $ 53,194