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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Consolidated net income (loss) $ (7,155) $ 1,752
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 121 157
Stock-based compensation 360 423
Debt discount accretion and non-cash interest expense   129
Amortization (accretion) of premium (discount) of available-for-sale investment securities 51 (24)
Amortization of right-of-use assets 176 201
Loss on disposal of property and equipment   6
Changes in operating assets and liabilities:    
Other receivables 1,950 48
Prepaid expenses and other assets 395 188
Accounts payable and accrued expenses (1,521) (578)
Contract liability   (65)
Operating lease liability (204) (179)
Net cash provided by (used in) operating activities (5,827) 2,058
Cash flows from investing activities:    
Purchases of property and equipment (17) (166)
Purchases of available-for-sale investment securities (25,678) (3,081)
Maturities of available-for-sale investment securities 2,300 14,650
Proceeds from sale of property and equipment   3
Net cash provided by (used in) investing activities (23,395) 11,406
Cash flows from financing activities:    
Proceeds from issuance of common stock from at the market offerings, net of offering costs 9,621  
Proceeds from issuance of common stock from committed purchase agreement, net of offering costs 15,236  
Proceeds from issuance of common stock from underwritten follow-on offering, net of offering costs   18,779
Repayments on borrowings   (2,000)
Net cash provided by financing activities 24,857 16,779
Net change in cash and cash equivalents (4,365) 30,243
Cash and cash equivalents at beginning of period 16,952 9,210
Cash and cash equivalents at the end of period $ 12,587 $ 39,453