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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (30,135) $ (15,915)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 3,093 753
Amortization of premium and discounts on available-for-sale investments (200) 92
Depreciation and amortization 2 4
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,332 (345)
Other long-term assets 28 293
Accounts payable (875) 585
Accrued expenses and other current liabilities (531) 286
Net cash used in operating activities (27,286) (14,247)
Cash flows from investing activities:    
Purchases of available-for-sale investments (90,799) (33,701)
Proceeds from maturities of available-for-sale investments 129,160 36,177
Net cash provided by investing activities 38,361 2,476
Cash flows from financing activities:    
Proceeds from exercise of stock options 471 107
Payment of deferred offering costs   (1,009)
Net cash provided by (used in) financing activities 471 (902)
Net increase (decrease) in cash and cash equivalents 11,546 (12,673)
Cash and cash equivalents at beginning of period 11,226 19,266
Cash and cash equivalents at end of period 22,772 6,593
Supplemental disclosure of cash information:    
Cash paid for taxes 262 39
Supplemental disclosure of non-cash information:    
Deferred financing costs included in accrued and other current liabilities $ 87 $ 419