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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net loss $ (33,277) $ (69,442)
Adjustments to reconcile net loss used in operating activities:    
Stock-based compensation 5,622 7,683
Acquired in-process research & development 0 47,716
Depreciation and amortization 785 340
Loss on disposal of property and equipment 180 5
Amortization of right-of-use asset 1,036 188
Write-off of right-of-use asset upon lease termination 113 0
Unrealized foreign exchange loss and others 0 70
Changes in operating assets and liabilities:    
Other current assets and non-current assets (2,481) 290
Accounts payable and accrued liabilities 3,018 (2,007)
Operating lease right-of-use assets (169) 0
Operating lease liabilities 598 (237)
Net cash used in operating activities (24,575) (15,394)
Investing activities    
Acquisition of Neoleukin Therapeutics, Inc., net of cash acquired 0 191
Purchase of property and equipment (2,219) (879)
Net cash used in investing activities (2,219) (688)
Financing activities    
Proceeds from public offering of common stock and pre-funded warrants, net of commissions of $4,575 and $5,173 in 2020 and 2019, respectively. 71,675 81,043
Payment of offering costs (355) (352)
Proceeds from exercise of stock options 5,665 1,555
Proceeds from issuance of common stock under Employee Stock Purchase Plan 199 0
Payment on finance lease obligations (49) (9)
Net cash provided by financing activities 77,135 82,237
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 0 10
Net change in cash, cash equivalents, and restricted cash during the year 50,341 66,165
Cash, cash equivalents, and restricted cash at beginning of year 143,093 76,928
Cash, cash equivalents, and restricted cash at end of year 193,434 143,093
Non-cash investing and financing activities:    
Other current assets acquired through the issuance of common stock 0 560
Property, equipment and intangibles acquired through the issuance of common stock 0 1,693
Accounts payable, finance lease and other liabilities assumed through the issuance of common stock 0 (1,673)
Operating lease liabilities arising from obtaining right-of-use asset 10,364 1,182
Purchase of property and equipment unpaid at period end $ 36 $ 0