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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net Loss $ (27,463,000) $ (22,784,000)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 518,000 632,000
Stock-based compensation 5,320,000 5,290,000
Amortization of operating lease right-of-use asset 169,000 2,252,000
Gain on right-of-use asset termination (258,000)  
Loss (gain) on disposal of fixed assets 4,000 (19,000)
Amortization of premium/discount on purchased securities 0 (5,000)
Amortization of debt issuance costs 12,000 0
Accretion of final payment on term loan 43,000 0
Changes in operating assets and liabilities:    
Account receivable 2,407,000 (487,000)
Prepaid expenses and other current assets (1,268,000) (2,787,000)
Other assets 0 250,000
Deposits (1,075,000) (47,000)
Accounts payable (1,023,000) 922,000
Accrued expenses (1,062,000) (784,000)
Research and development contract liability (645,000) (1,726,000)
Operating lease liability (100,000) (2,272,000)
Net cash used in operating activities (24,421,000) (21,565,000)
Cash flows from investing activities    
Purchases of property and equipment (92,000) (900,000)
Cash received from the sale of fixed asset 3,000 19,000
Redemption of short-term investments 0 10,000,000
Net cash used in (provided by) investing activities (89,000) 9,119,000
Cash flows from financing activities    
Proceeds from ATM offering, net of sales agent commission and fees 16,598,000 10,357,000
Proceeds from borrowings under term loan 10,000,000 0
Proceeds from exercise of stock options 0 1,228,000
Payment of debt issuance cost (142,000) 0
Restricted stock awards withheld at vesting to cover taxes (191,000) (85,000)
Net cash provided by financing activities 26,265,000 11,500,000
Net (decrease)/increase in cash, cash equivalents, and restricted cash 1,755,000 (946,000)
Cash, cash equivalents, and restricted cash at beginning of period 64,521,000 75,016,000
Cash, cash equivalents, and restricted cash at end of period 66,276,000 74,070,000
Supplemental disclosures of non-cash investing and financing activities:    
Income Taxes Paid 0 206,000
Cash paid for interest 214,000 0
Right-of-use asset and lease liability (new lease) 9,057,000 0
Operating lease modification $ 7,119,000 $ 0