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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Consolidated net loss $ (33,777) $ (16,230) $ (23,763)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 475 569 635
Stock-based compensation 1,614 1,465 1,783
Debt discount accretion and non-cash interest expense   346 707
Amortization (accretion) of premium (discount) of available-for-sale investment securities 366 110 (284)
Amortization of right-of-use assets 829 697 731
Loss (gain) on disposal of property and equipment 6 3 (28)
Changes in operating assets and liabilities:      
Other receivables 1,604 (1,939) 58
Prepaid expenses and other assets (3,378) (1,122) 276
Accounts payable and accrued expenses 47 1,763 162
Contract liability   (208) 208
Operating lease liability (861) (755) (498)
Net cash used in operating activities (33,075) (15,301) (20,013)
Cash flows from investing activities:      
Purchases of property and equipment (192) (202) (79)
Purchases of available-for-sale investment securities (126,506) (21,066) (40,647)
Maturities of available-for-sale investment securities 35,082 28,150 45,600
Proceeds from sale of property and equipment 50 18 51
Net cash (used in) provided by investing activities (91,566) 6,900 4,925
Cash flows from financing activities:      
Proceeds from issuance of common stock through option exercises 62    
Proceeds from issuance of common stock through employee stock purchase plan 11 10 13
Proceeds from issuance of common stock from at-the-market offerings, net of offering costs 14,070 6,437 4,405
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 80,646 18,779  
Proceeds from issuance of common stock through registered direct offering, net of offering costs     4,918
Repayments on borrowings   (9,083) (8,000)
Net cash provided by financing activities 110,025 16,143 1,336
Net change in cash and cash equivalents (14,616) 7,742 (13,752)
Cash and cash equivalents at beginning of period 16,952 9,210 22,962
Cash and cash equivalents at the end of period $ 2,336 16,952 9,210
Supplemental disclosure of cash flow information:      
Interest paid   308 $ 1,122
Purchase of fixed assets included in accounts payable   $ 17