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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (47,524) $ (41,043)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,405 3,690
Depreciation expense 193 845
Impairment of long-lived assets 1,592  
Net amortization of premium on short-term investments (2,408)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 565 (172)
Operating lease right-of-use assets 1,080 747
Other assets (3,240) (787)
Accounts payable 3,985 (167)
Accrued expenses and other current liabilities (625) 2,814
Operating lease liabilities (857) (796)
Deferred revenue (1,412) 3,648
Net cash used in operating activities (44,246) (31,221)
Cash flows from investing activities:    
Purchases of property and equipment (260) (136)
Purchases of short-term investments (72,765)  
Maturity of short-term investments 62,800  
Net cash used in investing activities (10,225) (136)
Cash flows from financing activities:    
Proceeds from sale of common stock and pre-funded warrants 50,000 100,495
Payment of deferred offering costs (3,332) (4,246)
Proceeds from exercise of stock options 103 8
Net cash provided by financing activities 46,771 96,257
Net (decrease) increase in cash, cash equivalents and restricted cash (7,700) 64,900
Cash, cash equivalents and restricted cash, beginning of period 33,942 46,076
Cash, cash equivalents and restricted cash, end of period 26,242 110,976
Supplemental disclosure of non-cash financing and investing activities:    
Property and equipment purchases included in accounts payable 8  
Issuance costs in accounts payable, accrued expenses, and other current liabilities 150  
Other assets included in accounts payable and other current liabilities 2,740 $ 249
Deferred offering costs included in accounts payable and accrued expense $ 161