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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 $ (47,258) $ (34,693)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 205 226
Stock-based compensation 5,485 4,039
Other non-cash items 194 38
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (462) (37)
Other assets 0 (1,366)
Accounts payable (2,524) 3,415
Accrued expenses (2,159) 1,251
Operating lease right-of-use assets 889 415
Operating lease liabilities (579) (299)
Deferred revenue 38,254 (11)
Net cash used in operating activities (7,955) (27,022)
Cash flows from investing activities    
Purchase of property and equipment (329) (114)
Net cash used in investing activities (329) (114)
Cash flows from financing activities    
Proceeds from exercise of stock options 96 764
Payment of employee tax obligations related to vesting of restricted stock units 0 (259)
Payments under capital lease obligations (76) (33)
Net cash provided by financing activities 60,394 472
Increase (decrease) in cash, cash equivalents and restricted cash 52,110 (26,664)
Cash, cash equivalents and restricted cash, beginning of period 178,425 255,415
Cash, cash equivalents and restricted cash, end of period 230,535 228,751
Supplemental disclosures of non-cash activities:    
Purchases of property and equipment in accounts payable and accrued expenses 457 189
Cash paid for interest 531 60
Right-of-use assets obtained in exchange for financing lease liabilities 0 213
At Market Equity Offering Program    
Cash flows from financing activities    
Net proceeds from the at-the-market facility $ 60,374 $ 0