XML 14 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (20,815) $ (44,112)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,694 6,789
Depreciation and amortization 483 1,193
Impairment of property and equipment 3,418 0
Impairment of operating lease right-of-use asset 146 0
Amortization of operating lease right-of-use assets 884 776
Amortization and accretion of premiums/discounts on available-for-sale securities (1,880) (105)
Loss (gain) on sale of property and equipment (47) 108
Changes in operating assets and liabilities:    
Other current assets and other non-current assets 1,384 (287)
Accounts payable and accrued liabilities (5,605) 1,823
Operating lease liabilities (1,013) (859)
Net cash used in operating activities (21,351) (34,674)
Investing activities    
Purchases of property and equipment (551) (1,006)
Proceeds from sale of property and equipment 2,115 0
Purchases of available-for-sale securities (91,883) (81,595)
Proceeds from maturities of available-for-sale securities 99,000 15,000
Net cash provided by (used in) investing activities 8,681 (67,601)
Financing activities    
Proceeds from exercise of stock options 0 134
Payment on finance lease obligations (365) (54)
Proceeds from the issuance of common stock under Employee Stock Purchase Plan 4 63
Net cash provided by (used in) financing activities (361) 143
Net change in cash, cash equivalents, and restricted cash during the period (13,031) (102,132)
Cash, cash equivalents, and restricted cash, beginning of period 38,765 143,345
Cash, cash equivalents, and restricted cash, end of period 25,734 41,213
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment unpaid at period-end $ 0 $ 28