XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities        
Net loss     $ (110,482) $ (31,709)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization expense     2,243 248
Amortization of finance lease right-of-use asset       22
Amortization of intangible assets $ 423 $ 0 1,265 0
Non-cash operating lease expense     4,134 212
Stock-based compensation expense 3,287 315 9,360 714
Change in fair value of redeemable convertible preferred stock tranche liability   8,364   9,533
Change in fair value of contingent consideration and contingent value rights liabilities 167   21,563  
Accretion of discounts and amortization of premiums on marketable securities     63  
Deferred income tax     (1,204)  
Gain on sale of assets to equity method investment     (7,227)  
Share of net loss of equity method investment 84   84  
Changes in operating assets and liabilities:        
Accounts receivable     250  
Prepaid expenses and other assets     2,153 (233)
Accounts payable     1,822 2,321
Accrued and other liabilities     (1,968) 4,524
Operating lease liabilities     (2,204) (182)
Deferred revenue     (95)  
Net cash used in operating activities     (80,243) (14,550)
Cash Flows from Investing Activities        
Purchases of marketable securities     (128,984) (522)
Proceeds from marketable securities     95,315  
Purchases of property and equipment     (1,497)  
Proceeds from sale of property and equipment     267  
Net cash used in investing activities     (34,899) (522)
Cash Flows from Financing Activities        
Proceeds from issuance of common stock, net of offering costs       1
Proceeds from exercise of stock options and warrants     2,027  
Proceeds from at-the-market sales agreement, net of offering costs     33,891  
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs       14,479
Repayment of finance lease liability-related party       (31)
Net cash provided by financing activities     35,918 14,449
Effect of exchange rate changes on cash, cash equivalents and restricted cash     320 (67)
Net increase (decrease) in cash, cash equivalents and restricted cash     (78,904) (690)
Cash, cash equivalents and restricted cash at beginning of period     189,500 11,357
Cash, cash equivalents and restricted cash at end of period 110,596 10,667 110,596 10,667
Supplemental Disclosure of Non-Cash Investing and Financing Activities        
Purchases of property and equipment included in accounts payable and in accrued and other current liabilities     116 19
Right-of-use asset for office space acquired through leases     5,406 1,449
Reduction of the tranche liability accounted for as a deemed contribution by preferred stockholders       9,723
Reconciliation of Cash, Cash Equivalents and Restricted Cash        
Cash and cash equivalents 108,522 10,667 108,522 10,667
Restricted cash 2,074   2,074  
Cash, cash equivalents and restricted cash at end of period $ 110,596 $ 10,667 $ 110,596 $ 10,667