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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Operating activities      
Net loss $ (8,866,000) $ (1,805,000)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 974,000 58,000  
Depreciation expense 112,000 0  
Change in fair value of derivative liability   445,000  
Change in fair value of grant liability   (97,000)  
Accretion of discounts on convertible notes   172,000  
Non-cash interest expense   46,000  
Amortization of premiums and accretion of discounts on available-for-sale securities, net 131,000    
Changes in operating assets and liabilities:      
Unbilled grant receivables, prepaid expenses and other current assets 308,000 (57,000)  
Accounts payable and accrued expenses (374,000) 63,000  
Operating lease liability 410,000    
Net cash (used in) operating activities (7,305,000) (1,175,000)  
Investing activities      
Purchases of available-for-sale securities (93,143,000)    
Maturities of available-for-sale securities 70,739,000    
Purchases of property and equipment (304,000)    
Principal payments received on stockholder note receivable   1,000  
Net cash (used in) provided by investing activities (22,708,000) 1,000  
Financing activities      
Proceeds from exercise of common stock options 39,000 176,000  
Proceeds from follow-on public offering, net of issuance costs 97,172,000    
Proceeds from issuance of convertible notes, including derivative, net of issuance costs   1,664,000  
Net cash provided by financing activities 97,211,000 1,840,000  
Net increase (decrease) in cash and cash equivalents 67,198,000 666,000  
Cash and cash equivalents, beginning of period 60,625,000 2,056,000 $ 2,056,000
Cash and cash equivalents, end of period 127,823,000 $ 2,722,000 $ 60,625,000
Supplemental disclosures of cash flow information:      
Purchases of property and equipment included in accounts payable and accrued liabilities 57,000    
Right-of-use asset obtained in exchange for new operating lease liability $ 518,000