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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 $ (8,028) $ (10,308)
Adjustments to reconcile net loss to net cash from operating activities:    
Stock-based compensation expense 2,349 2,273
Non-cash interest expense 84 135
Depreciation and amortization expense 1,078 1,386
Prepaid expenses and other current assets (193) 273
Prepaid manufacturing services 7  
Operating right-of-use assets 319 236
Accounts payable (265) 270
Accrued expenses (2,860) (1,696)
Deferred revenue (12,704) (12,345)
Operating lease liabilities (638) 139
Net cash used in operating activities (20,851) (19,637)
Cash flows from investing activities:    
Purchases of property and equipment (182) (1,526)
Net cash used in investing activities (182) (1,526)
Cash flows from financing activities:    
Proceeds from exercise of common stock options   316
Proceeds from issuance of common stock upon at-the-market offering, net of fees 589 62,204
Net cash provided by financing activities 589 62,520
Net (decrease) increase in cash, cash equivalents and restricted cash (20,444) 41,357
Cash, cash equivalents and restricted cash, beginning of period 81,108 93,085
Cash, cash equivalents and restricted cash, end of period 60,664 134,442
Supplemental disclosures:    
Cash paid for interest 516 563
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses 24 457
Deferred offering costs included in accrued expenses 67 336
Reconciliation to amounts within the consolidated balance sheets    
Cash and cash equivalents 56,494 130,272
Restricted cash 4,170 4,170
Cash, cash equivalents and restricted cash at end of period $ 60,664 $ 134,442