XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net loss $ (121,931) $ (65,437)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,247 1,399
Amortization of deferred financing costs 477 416
Amortization of deferred compensation for services 192 235
Amortization of (discount) premium on investment securities 396 (241)
Non-cash lease expense 2,257 1,568
Stock-based compensation 8,568 8,149
Change in derivative liabilities (696) 290
Non-cash interest associated with debt discount accretion 212 393
Changes in operating assets and liabilities:    
Accounts receivable (287) 0
Prepaid expenses and other assets (3,927) (3,748)
Accounts payable (1,363) 303
Accrued compensation and benefits (902) (731)
Operating lease liabilities (2,033) (1,914)
Accrued and other liabilities 5,411 (871)
Deferred revenue (703) (3,656)
Net cash used in operating activities (113,082) (63,845)
Investing activities    
Proceeds from maturities and redemptions of investments 103,550 79,402
Purchases of investments (72,736) (107,200)
Purchases of property and equipment (1,962) (74)
Net cash provided by (used in) investing activities 28,852 (27,872)
Financing activities    
Proceeds from issuance of common stock in at-the-market offering, net of issuance costs 67,189 0
Proceeds from issuance of common stock under equity incentive and stock purchase plans 1,403 1,593
Payments for taxes related to net share settlement of equity awards (106) 0
Net cash provided by financing activities 68,486 1,593
Net decrease in cash and cash equivalents (15,744) (90,124)
Cash and cash equivalents at beginning of period 91,032 181,133
Cash and cash equivalents at end of period 75,288 91,009
Supplementary disclosure of cash flow information:    
Cash paid for interest 2,920 3,119
Cash paid for income taxes 4 1
Supplementary disclosure of non-cash activities:    
Right-of-use assets obtained in exchange for lease obligations 14,379 0
Issuance of common stock for services $ 190 $ 310