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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (23,091) $ (27,200)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 120 107
Stock-based compensation 1,443 (286)
Net amortization of investments in marketable debt securities 149 92
Non-cash rent expense 893 1,135
Loss on disposal of property and equipment 0 1,611
Changes in operating assets and liabilities:    
Accounts receivable from collaboration (188) 1,027
Prepaid expenses and other current assets (12) 303
Other assets (472) 358
Accounts payable (1,252) (1,036)
Accrued research and development expenses 196 (102)
Other accrued expenses (4,365) (8,312)
Operating lease liabilities (923) (1,041)
Net cash used in operating activities (27,502) (33,344)
Cash flows from investing activities    
Purchases of property and equipment 0 (3,078)
Proceeds from sale of property and equipment 0 857
Purchases of marketable securities (3,951) (49,213)
Proceeds from maturities of marketable securities 30,000 66,450
Proceeds from sale of marketable securities 7,000 3,000
Net cash provided by investing activities 33,049 18,016
Cash flows from financing activities    
Proceeds from the issuance of common stock under ATM equity offering program, net of issuance costs 0 34,137
Net cash provided by financing activities 0 34,137
Net increase in cash and cash equivalents 5,547 18,809
Cash and cash equivalents at the beginning of the period 45,627 59,444
Cash and cash equivalents at the end of the period 51,174 78,253
Supplemental non-cash investing and financing activities    
Operating lease liabilities arising from obtaining ROU assets 0 42
Remeasurement of lease liabilities arising from modification of ROU assets $ 0 $ (788)