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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (57,433) $ (52,450)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,117 3,136
Amortization of premiums and discounts on marketable securities 2,594 1,957
Stock-based compensation 7,182 7,778
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 234 (4,365)
Accounts payable (95) (955)
Accrued liabilities (506) (395)
Deferred rent (30) 1,499
Net cash used in operating activities (44,937) (43,795)
Cash flows from investing activities:    
Maturities of marketable securities 78,029 171,037
Purchases of marketable securities (13,267) (121,900)
Purchases of property and equipment (1,251) (1,535)
Net cash provided by investing activities 63,511 47,602
Cash flows from financing activities:    
Proceeds from exercise of stock options 66 85
Proceeds from shares issued under ESPP 73  
Payments of the term loan   (3,473)
Net cash provided by (used in) financing activities 139 (3,388)
Net increase in cash, cash equivalents and restricted cash 18,713 419
Cash, cash equivalents and restricted cash - beginning of period 12,376 36,284
Cash, cash equivalents and restricted cash - end of period 31,089 36,703
Supplemental disclosures of cash flow information:    
Cash paid for interest $ 68 $ 139