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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (31,955) $ (54,046)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 10,359 7,608
Depreciation and amortization 126 124
Amortization expense component of lease expense 695 638
Amortization of available-for-sale marketable securities, net 530 384
Realized gain on sale of available-for-sale marketable securities   (39)
Realized gain on sale of property and equipment   (70)
Changes in operating assets and liabilities:    
Accounts receivable, net - related party (8,003)  
Inventory, net (876)  
Income tax receivable   810
Other receivables (13) 252
Prepaid expenses (3,507) 3,781
Accounts payable and accrued expenses 3,471 (3,388)
Operating lease liabilities (855) (780)
Net cash used in operating activities (30,028) (44,726)
Investing activities    
Proceeds from maturities of available-for-sale marketable securities 94,250 80,470
Proceeds from redemptions of available-for-sale marketable securities, at par   8,600
Proceeds from sale of available-for-sale marketable securities 0 9,029
Purchases of available-for-sale marketable securities (31,099) (63,772)
Purchases of property and equipment (43)  
Proceeds from sale of property and equipment   70
Net cash provided by investing activities 63,108 34,397
Financing activities    
Proceeds from the exercise of stock options 185 981
Net cash provided by financing activities 185 981
Net increase (decrease) in cash, cash equivalents and restricted cash 33,265 (9,348)
Cash, cash equivalents and restricted cash at beginning of period 13,861 32,091
Cash, cash equivalents and restricted cash at end of period $ 47,126 $ 22,743