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Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net loss $ (40,196) $ (52,753)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,566 2,719
Amortization of operating right-of-use asset 891 785
Stock-based compensation 6,086 9,824
Amortization of discount or premium on available-for-sale securities (191) 118
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 4,701 (2,995)
Accounts payable (586) (1,298)
Accrued expenses (3,776) (3,692)
Other current liabilities (206) (59)
Operating lease liabilities (1,717) (1,577)
Net cash used in operating activities (32,428) (48,928)
Cash Flows from Investing Activities    
Purchase of property and equipment (101) (496)
Purchase of investments (14,699) (51,585)
Proceeds from maturities of investments 43,985 28,951
Net cash provided (used in) by investing activities 29,185 (23,130)
Cash Flows from Financing Activities    
Proceeds from the issuance of Class A common stock under the Employee Stock Purchase Plan 110 177
Proceeds from exercise of stock options   76
Proceeds from issuance of common shares in "at-the-market" equity offering, net of issuance costs   3,509
Principal payments on capital lease obligations   (4)
Net cash provided by financing activities 110 3,758
Net change in cash, cash equivalents and restricted cash (3,133) (68,300)
Cash, cash equivalents and restricted cash, beginning of period 31,934 96,204
Cash, cash equivalents and restricted cash, end of period 28,801 27,904
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Purchases of property and equipment included in accounts payable and accrued liabilities 69 $ 42
Reclassification of fixed assets held-for-sale $ 78