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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (26,665) $ (27,749)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 3,353 5,704
Depreciation and amortization 58 63
Amortization expense component of lease expense 375 344
(Accretion)/amortization of available-for-sale marketable securities, net (94) 292
Changes in operating assets and liabilities:    
Accounts receivable, net - related party (2,806) (2,496)
Inventory, net (1,132) 677
Other receivables 1 17
Prepaid expenses (928) (2,594)
Accounts payable and accrued expenses (6,318) 640
Operating lease liabilities (462) (423)
Net cash used in operating activities (34,618) (25,525)
Investing activities    
Proceeds from maturities of available-for-sale marketable securities 29,500 44,000
Proceeds from redemptions of available-for-sale marketable securities, at par 4,000  
Purchases of available-for-sale marketable securities (15,792) (10,526)
Purchases of property and equipment   (43)
Net cash provided by investing activities 17,708 33,431
Financing activities    
Proceeds from the exercise of stock options 560 3
Net cash provided by financing activities 560 3
Net (decrease) increase in cash, cash equivalents and restricted cash (16,350) 7,909
Cash, cash equivalents and restricted cash at beginning of period 64,149 13,861
Cash, cash equivalents and restricted cash at end of period $ 47,799 $ 21,770