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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (38,522) $ (34,520)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,096 1,394
Amortization of premiums and discounts on marketable securities 1,906 1,603
Stock-based compensation 4,870 5,295
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 540 (4,577)
Accounts payable 330 (2,550)
Accrued liabilities (1,124) 717
Deferred rent (32) 1,505
Net cash used in operating activities (29,936) (31,133)
Cash flows from investing activities:    
Maturities of marketable securities 54,231 136,425
Purchases of marketable securities (7,889) (102,258)
Purchases of property and equipment (719) (979)
Net cash provided by investing activities 45,623 33,188
Cash flows from financing activities:    
Proceeds from exercise of stock options 66 76
Proceeds from shares issued under ESPP 73  
Payments of the term loan   (834)
Net cash provided by (used in) financing activities 139 (758)
Net increase in cash, cash equivalents and restricted cash 15,826 1,297
Cash, cash equivalents and restricted cash - beginning of period 12,376 36,284
Cash, cash equivalents and restricted cash - end of period 28,202 37,581
Supplemental disclosures of cash flow information:    
Cash paid for interest $ 46 $ 67