XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (39,537) $ (39,691)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration liability 86 (120)
Impairment loss on construction-in-progress   8,070
Stock-based compensation expense 4,081 2,703
Depreciation and amortization 172 149
Unrealized (gains) losses on foreign currency exchange (134) 10
Changes in operating assets and liabilities:    
Accounts receivable 233 (94)
Prepaid expenses and other current assets 3,397 (7,156)
Accounts payable 838 809
Accrued expenses and other liabilities 1,124 (4,051)
Income tax and R&D incentive receivables (490) 875
Net cash used in operating activities (30,230) (38,496)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and maturities of short-term investments   63,712
Purchases of short-term investments (48,949) (7,424)
Purchases of property and equipment, net (28) (11,900)
Cash paid for internally developed patents   (145)
Net cash (used in) provided by investing activities (48,977) 44,243
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of deferred offering costs (36) (118)
Proceeds from issuance of common stock in at-the-market offerings, net 24,337 52,356
Proceeds from issuance of common stock from Employee Stock Purchase Plan 113 106
Proceeds from exercises of stock options, net 350 94
Net cash provided by financing activities 24,764 52,438
Net (decrease) increase in cash and cash equivalents and restricted cash (54,443) 58,185
Cash, cash equivalents and restricted cash at beginning of period 190,335 115,952
Cash, cash equivalents and restricted cash at end of period 135,892 $ 174,137
SUPPLEMENTAL NON-CASH ACTIVITIES:    
Common stock issued related to contingent consideration liability $ 6,176