XML 18 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (79,732) $ (43,177)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 3,787 2,981
Depreciation and amortization expense 253 265
Non-cash lease expense 775 734
Accretion of debt discount 438 397
Change in fair value of warrant liability 24,421 0
Other (41) (294)
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and research and development incentive receivable 479 821
Accounts payable (2,815) (605)
Accrued expenses and other long-term liabilities 5,024 651
Lease liabilities (526) (476)
Net cash used in operating activities (47,937) (38,703)
Payments to Acquire Marketable Securities (4,876) 0
Cash flows from investing activities:    
Acquisition of property and equipment (17) (60)
Net cash used in investing activities (4,893) (60)
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock 8,613 70
Employee taxes paid related to net share settlement of vested restricted stock units 0 (12)
Fees paid to amendment loan and security agreement and issuance costs related to the sale of warrants (381) (439)
Repayments of Secured Debt (1,300) (795)
Proceeds from sale of shares of common stock, and pre-funded warrants, net of issuance costs 60,282 5,785
Net cash provided by financing activities 67,214 4,609
Effect of exchange rate changes on cash, cash equivalents and restricted cash 44 (271)
Net increase (decrease) in cash, cash equivalents and restricted cash 14,428 (34,425)
Cash, cash equivalents and restricted cash at beginning of period 123,028 83,108
Cash, cash equivalents and restricted cash at end of period 137,456 48,683
Supplemental Cash Flow Elements [Abstract]    
Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction $ 283 $ 101