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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (31,873) $ (26,277)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,964 1,951
Depreciation expense 261 566
Impairment of long-lived assets 1,592  
Net amortization of premium on short-term investments (1,352)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,135 788
Operating lease right-of-use assets 803 495
Other assets (2,527) (949)
Accounts payable 3,189 (1,639)
Accrued expenses and other current liabilities (2,928) 1,207
Operating lease liabilities (528) (524)
Deferred revenue (868) 4,007
Net cash used in operating activities (30,132) (20,375)
Cash flows from investing activities:    
Purchases of property and equipment (116) (107)
Purchases of short-term investments (29,930)  
Maturity of short-term investments 34,800  
Net cash provided by (used in) investing activities 4,754 (107)
Cash flows from financing activities:    
Proceeds from sale of common stock and pre-funded warrants, net of issuance costs 50,000 100,495
Payment of deferred offering costs (2,912) (4,010)
Proceeds from exercise of stock options 101 8
Net cash provided by financing activities 47,189 96,493
Net increase in cash, cash equivalents and restricted cash 21,811 76,011
Cash, cash equivalents and restricted cash, beginning of period 33,942 46,076
Cash, cash equivalents and restricted cash, end of period 55,753 122,087
Supplemental disclosure of non-cash financing and investing activities:    
Property and equipment purchases included in accounts payable 54 6
Other assets included in accounts payable and other current liabilities 505  
Deferred offering costs included in accounts payable and accrued expense $ 420 $ 236