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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 $ (40,113) $ (15,429)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 368 359
Stock-based compensation 6,017 743
Change in fair value of warrant liability   156
Gain on asset disposal (28)  
Amortization of operating lease right-of-use assets 851  
Net accretion and amortization of marketable securities 568  
Loss on extinguishment of debt 200  
Amortization of debt issuance costs 48 55
Other non-cash items 500  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,083 (91)
Accounts payable 287 (692)
Accrued expenses and other liabilities (310) 72
Operating lease liabilities (577)  
Deferred revenue   (1,125)
Deferred rent   (4)
Net cash used in operating activities (31,106) (15,956)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,276) (401)
Purchases of marketable securities (110,112) (26,956)
Proceeds from maturities of marketable securities 46,061  
Net cash used in investing activities (65,327) (27,357)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on term loan (2,644)  
Proceeds from debt financing, net of debt issuance costs   2,416
Payments of Series C issuance costs (192) (2,628)
Proceeds from stock option exercises 84  
Payments of debt issuance costs (24)  
Payments on capital lease obligations   (65)
Payments for tax distributions   (45)
Payments of deferred offering costs   (348)
Net cash used in financing activities (2,776) (670)
Net decrease in cash, cash equivalents and restricted cash (99,209) (43,983)
Cash, cash equivalents and restricted cash at beginning of period 116,174 59,836
Cash, cash equivalents and restricted cash at end of period 16,965 15,853
SUPPLEMENTAL NON-CASH OPERATING INFORMATION:    
Right-of-use assets obtained in exchange for lease liabilities 14,477  
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:    
Property and equipment additions included in accounts payable and accrued liabilities 762 34
Deferred offering costs included in accounts payable and accrued liabilities   950
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:    
Cash and cash equivalents 16,767 15,506
Restricted cash 198 347
Total cash, cash equivalents and restricted cash $ 16,965 $ 15,853