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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net loss $ (20,675) $ (14,408)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization expense 418 362
Stock-based compensation 2,252 2,144
Gain on PPP Loan forgiveness (662) 0
Other 39 148
Change in operating assets and liabilities:    
Contracts and other receivables 503 (2,859)
Prepaid materials 304 536
Prepaid expenses and other assets 784 145
Accounts payable 51 (219)
Accrued liabilities 193 (208)
Accrued research and development expenses 1,250 380
Accrued compensation (316) (416)
Operating lease right-of-use assets and liabilities, net 291 (112)
Contract liabilities 0 (6)
Other liabilities (729) (1,212)
Net cash used in operating activities (16,297) (15,725)
Investing activities    
Purchases of property and equipment (210) 0
Acquisition of intangibles 0 (11)
Net cash used in investing activities (210) (11)
Financing activities    
Proceeds from borrowing under Paycheck Protection Program 0 662
Proceeds from issuance of common stock, net 21,384 3
Proceeds from exercise of common stock options 27 0
Principal payments on term loan 0 (1,000)
Payments on financing leases (81) (207)
Net cash provided by (used in) financing activities 21,330 (542)
Net increase (decrease) in cash and cash equivalents 4,823 (16,278)
Cash and cash equivalents at beginning of period 31,087 34,121
Cash and cash equivalents at end of period 35,910 17,843
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 35,848 17,843
Restricted cash 62 0
Total cash, cash equivalents and restricted cash 35,910 17,843
Supplemental disclosure of cash flow information    
Paycheck Protection Program loan forgiveness 662 0
Interest paid (329) (1,066)
Income taxes paid $ (1) $ (1)