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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 $ (18,518) $ (35,719)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 34 33
Stock-based compensation 2,673 2,373
Non-cash interest expense 469 428
Non-cash change in fair value of PIPE Warrant liability 0 (199)
Amortization of premium and discount on investments 57 10
Changes in operating assets and liabilities:    
Trade receivables, net (5,468) (4,220)
Partnership receivables 940 (168)
Inventory 336 0
Prepaid expenses and other current assets 1,174 (685)
Operating lease right-of-use asset 48 227
Other non-current assets 0 (100)
Accounts payable 893 (219)
Accrued clinical trial costs and contract research 5,419 269
Accrued compensation and benefits (726) 361
Other accrued liabilities 2,582 1,955
Operating lease liability (6) (45)
Deferred revenue (578) (987)
Deferred research and development reimbursements 0 (128)
Operating lease liability, non-current 0 (187)
Net cash used in operating activities (10,671) (37,001)
Investing activities    
Purchases of marketable securities (8,979) (28,195)
Proceeds from maturities and sales of marketable securities 18,715 0
Net cash provided by (used in) investing activities 9,736 (28,195)
Financing activities    
Proceeds from issuance of common stock, net of issuance costs 0 55,095
Proceeds from warrant exercises 0 3,092
Proceeds from issuance of stock for stock-based compensation arrangements 561 68
Proceeds from issuance of loan payable 0 20,000
Payment of debt issuance costs 0 (85)
Net cash provided by financing activities 561 78,170
Net (decrease) increase in cash and cash equivalents (374) 12,974
Cash and cash equivalents at beginning of period 70,542 61,761
Cash and cash equivalents at end of period 70,168 74,735
Supplemental cash flow information    
Cash paid for interest $ 1,959 $ 1,171