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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 $ (16,660) $ (23,332)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 179 259
Accretion related to marketable securities 95 169
Stock-based compensation 1,414 2,398
Loss from equity method investment 2,637 563
Changes in operating assets and liabilities:    
Accounts receivable - related party 134 (3)
Prepaid and other current assets (435) (1,580)
Operating lease right-of-use asset 478 384
Other assets   98
Accounts payable 834 (602)
Accrued and other liabilities (710) 738
Operating lease liability (513) (526)
Net cash used in operating activities (12,547) (21,434)
Cash flows from investing activities    
Purchases of marketable securities (29,420) (4,709)
Maturities of marketable securities 6,990 24,797
Purchases of property and equipment (4)  
Net cash provided by (used in) investing activities (22,434) 20,088
Cash flows from financing activities    
Proceeds from issuance of common stock, net (includes $4,850 in aggregate gross proceeds from related parties for the three months ended March 31, 2021)   31,989
Proceeds from issuance of common stock in connection with at-the-market offering, net   11,817
Net cash provided by financing activities   43,806
Net increase (decrease) in cash and cash equivalents (34,981) 42,460
Cash and cash equivalents at beginning of the period 63,458 16,455
Cash and cash equivalents at end of the period 28,477 $ 58,915
Supplemental disclosures of cash flow information    
Purchases of property and equipment incurred but not paid $ 251