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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (11,924) $ (17,326)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 179 174
Amortization (accretion) on marketable securities 0 (143)
Non-cash interest expense 29 24
Non-cash lease expense 140 131
Non-cash (income) expense from collaborative arrangements, net 913 1,008
Stock-based compensation expense 1,761 2,689
Other 9 352
Changes in assets and liabilities:    
Prepaid expenses and other current assets (117) (60)
Accounts payable and accrued expenses (1,446) (4,964)
Lease obligations (139) (125)
Net cash used in operating activities (10,595) (18,240)
Cash flows from investing activities    
Purchases of marketable securities 0 (3,947)
Proceeds from the maturities of marketable securities 0 9,000
Purchases of property and equipment (2,352) (1,612)
Net cash (used in) provided by investing activities (2,352) 3,441
Cash flows from financing activities    
Proceeds (payments) from issuance of common stock, net (145) 5,731
Payment of equity issuance costs 0 (173)
Proceeds from issuance of debt 0 (62)
Net cash (used in) provided by financing activities (145) 5,496
Effect of changes in exchange rate on cash and cash equivalents 5 (1)
Net (decrease) in cash and cash equivalents (13,087) (9,304)
Cash and cash equivalents at beginning of period 39,462 77,563
Cash and cash equivalents at end of period 26,375 68,259
Supplemental disclosure of non-cash investing and financing transactions:    
Purchases of property and equipment $ 371 $ 1,119