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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (42,494) $ (29,799)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 12 21
Amortization of contract asset   101
Change in right-of-use asset 302 217
Stock-based compensation expense 3,723 2,748
Foreign currency loss 1,305 410
Change in fair value of restricted stock liability   (204)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 382 (87)
Research and development incentive receivable (212) (1,576)
Deferred offering costs   209
Accounts payable and accrued expenses 2,167 4,873
Deferred revenue   (1,125)
Lease liability (303) (229)
Other long term assets and deposits (912)  
Net cash used in operating activities (36,030) (24,441)
Cash flows from financing activities:    
Proceeds from the issuance of common stock and prefunded warrants, net of offering costs - September 2021 Public Offering   97,222
Proceeds from the exercise of common stock warrants   54
Proceeds from the exercise of stock options   4
Payment of deferred costs (210)  
Net cash provided by (used in) financing activities (210) 97,280
Effect of exchange rate changes on cash and cash equivalents (368) (139)
Net increase (decrease) in cash and cash equivalents (36,608) 72,700
Cash and cash equivalents at beginning of period 114,916 52,071
Cash and cash equivalents at end of period 78,308 124,771
Supplemental disclosure of non-cash financing activities:    
Offering Costs in accounts payable and accrued expense - September 2021 Public Offering   $ 394
Remeasurement of right-of-use asset and lease liability $ 609