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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (39,321) $ (46,915)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 414 535
Stock-based compensation expense 6,038 6,507
Revaluation of contingent consideration (4,600) 21,239
Changes in operating assets and liabilities:    
Accounts receivable (14) (167)
Prepaid expenses and other assets 1,309 (5,223)
Accounts payable (4,283) (1,290)
Accrued expenses (178) 861
Net cash used in operating activities (40,635) (24,453)
Cash flows from investing activities:    
Purchases of property and equipment (350) (52)
Purchases of marketable securities (85,096) (147,289)
Proceeds from sales and maturities of marketable securities 94,155 26,557
Net cash provided by (used in) investing activities 8,709 (120,784)
Cash flows from financing activities:    
Payments of employee withholding taxes related to restricted stock unit award vesting (23) (3,038)
Proceeds from exercise of employee stock options and the issuance of stock 120 1,459
Net cash provided by financing activities 72,841 236,621
Net increase in cash and cash equivalents 40,915 91,384
Cash and cash equivalents at beginning of period 27,349 22,063
Cash and cash equivalents at end of period 68,264 113,447
Supplemental disclosure of non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable 72 37
Offering costs included in accounts payable   28
Public Offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs   $ 238,200
At The Market Offering    
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs $ 72,744