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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (10,199) $ (22,122)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17 17
Stock-based compensation 1,267 1,204
Non-cash interest expense 230 140
Non-cash change in fair value of PIPE Warrant liability 0 2,396
Amortization of premium and discount on investments 72 0
Changes in operating assets and liabilities:    
Trade receivables, net (3,132) (1,144)
Partnership receivables 959 (225)
Inventory (38) 0
Prepaid expenses and other current assets 933 468
Operating lease right-of-use asset 99 113
Other non-current assets 0 (100)
Accounts payable 302 583
Accrued clinical trial costs and contract research 1,726 735
Accrued compensation and benefits (1,494) (1,414)
Other accrued liabilities 1,620 1,674
Operating lease liability (3) (38)
Deferred revenue (578) (493)
Deferred research and development reimbursements 0 (52)
Operating lease liability, non-current 0 (76)
Net cash used in operating activities (8,219) (18,334)
Investing activities    
Purchases of marketable securities (2,992) 0
Proceeds from maturities and sales of marketable securities 14,515 0
Net cash provided by investing activities 11,523 0
Financing activities    
Proceeds from issuance of common stock, net of issuance costs 0 54,980
Proceeds from warrant exercises 0 3,092
Proceeds from issuance of loan payable 0 20,000
Payment of debt issuance costs 0 (85)
Net cash provided by financing activities 0 77,987
Net increase in cash and cash equivalents 3,304 59,653
Cash and cash equivalents at beginning of period 70,542 61,761
Cash and cash equivalents at end of period 73,846 121,414
Supplemental cash flow information    
Cash paid for interest $ 937 $ 362