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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (24,436) $ (18,218)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 403 355
Purchase net premium on marketable securities (33) (174)
Net amortization of premium (accretion of discount) on marketable securities 15 181
Stock-based compensation 2,101 1,757
Non-cash operating lease expense 94 108
Other 2 0
Changes in operating assets and liabilities:    
License and development receivables (197) (21,500)
Prepaid expenses and other assets 150 (340)
Accounts payable (338) (376)
Operating lease liabilities (119) (123)
Deferred revenue (767) 21,500
Accrued and other liabilities (3,138) (2,700)
Net cash used in operating activities (26,263) (19,530)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (37) (450)
Purchases of marketable securities (3,500) (24,250)
Proceeds from maturities of marketable securities 29,296 34,000
Net cash provided by investing activities 25,759 9,300
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from employee stock plan purchases and stock option exercises 184 367
Principal payments on finance lease obligation (172) (5)
Net cash provided by financing activities 12 362
Effect of exchange rate on cash, cash equivalents, and restricted cash (23) 7
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (515) (9,861)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH    
Beginning of period 16,980 91,937
End of period 16,465 82,076
Supplemental Disclosure of Non-Cash Investing and Financing Information:    
Unrealized loss on investment $ 120 $ 0