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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (1,073) $ (35,331)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,080 1,907
Noncash lease expense 279 221
Stock-based compensation expense 3,883 2,883
Accretion of discount (amortization of premium) on short-term investments 162 (175)
Loss on disposal of property and equipment 6  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (870) 1,087
Accounts payable (100) 4,841
Accrued expenses and other liabilities (4,540) (535)
Deferred revenue (29,029) (203)
Operating lease liabilities (621) (541)
Net cash used in operating activities (29,823) (25,846)
Cash flows from investing activities:    
Purchases of short-term investments (84,418)  
Maturities of short-term investments   117,030
Purchases of property and equipment (817) (2,033)
Net cash (used in) provided by investing activities (85,235) 114,997
Cash flows from financing activities:    
Proceeds from issuance of common stock pursuant to employee stock purchase plan 446 537
Proceeds from issuance of common stock from option exercises 143 135
Payment of deferred offering costs   (225)
Net cash provided by financing activities 2,043 447
Net change in cash, cash equivalents and restricted cash (113,015) 89,598
Cash, cash equivalents and restricted cash, beginning of period 218,705 55,048
Cash, cash equivalents and restricted cash, end of period 105,690 144,646
Supplemental disclosures of noncash investing and financing activities:    
Reclassification of liability for common stock vested 4 12
Property and equipment additions included in accounts payable 367 405
Property and equipment additions included in accrued expenses and other liabilities 164 23
Unrealized loss on available for sale securities, net (23) (202)
Deferred offering costs included in accounts payable and accrued expenses   $ 77
ATM    
Cash flows from financing activities:    
Proceeds from issuance of common stock pursuant to ATM, net of discounts and issuance costs $ 1,454