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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (48,069) $ (34,797)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 73 73
Depreciation and amortization 1,139 1,278
Amortization of premium (accretion of discounts) on investments (33) 281
Stock-based compensation expense 7,860 6,459
Non-cash lease expense 1,670 1,534
Changes in operating assets and liabilities    
Accounts receivable (290) (133)
Prepaid expenses and other current assets 694 3,199
Other assets 6 1,271
Accounts payable (844) (1,173)
Accrued liabilities and other long-term liabilities (4,484) (5,559)
Deferred revenue (33,272) (30,572)
Net cash used in operating activities (75,550) (58,139)
Cash flows from investing activities:    
Purchases of property and equipment (1,148) (1,096)
Purchases of investments 0 (99,898)
Maturities of investments 0 113,994
Net cash provided by (used in) investing Activities (1,148) 13,000
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 0 107,712
Proceeds from employee stock purchase plan and exercise of stock options 458 1,714
Net cash provided by financing activities 458 109,426
Net increase (decrease) in cash, cash equivalents and restricted cash (76,240) 64,287
Cash, cash equivalents and restricted cash, beginning of period 206,447 192,776
Cash, cash equivalents and restricted cash, end of period 130,207 257,063
Supplemental disclosures of noncash investing items:    
Purchases of property and equipment in accounts payable and accrued liabilities $ 29 $ 54