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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (90,387,000) $ (65,504,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 8,395,000 8,246,000
Depreciation expense 724,000 606,000
Non-cash lease expense 158,000 154,000
Amortization of premiums and accretion of discounts on available-for-sale securities, net (1,131,000) (67,000)
Changes in operating assets and liabilities:    
Unbilled grant receivable 1,227,000 636,000
Prepaid expenses and other current and long-term assets, net (366,000) (1,605,000)
Accounts payable and accrued liabilities 7,159,000 944,000
Operating lease liability (239,000) (212,000)
Net cash used in operating activities (74,460,000) (56,802,000)
Investing activities    
Purchases of available-for-sale securities (27,671,000) (85,117,000)
Maturities of available-for-sale securities 116,673,000 119,274,000
Purchases of property and equipment (304,000) (1,140,000)
Net cash provided by investing activities 88,698,000 33,017,000
Financing activities    
Proceeds from exercise of common stock options and issuance of common stock under employee stock purchase plan 341,000 507,000
Net cash provided by financing activities 341,000 507,000
Net increase (decrease) in cash, cash equivalents and restricted cash 14,579,000 (23,278,000)
Cash, cash equivalents and restricted cash, beginning of period 96,386,000 110,537,000
Cash, cash equivalents and restricted cash, end of period $ 110,965,000 $ 87,259,000