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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 $ (21,641) $ (23,086)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash rent expense 0 92
Stock based compensation 9,240 6,991
Depreciation and amortization 38 86
Amortization of premium on available for sale investments 135 202
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 42 1,192
Other assets 165 0
Accounts payable (1,180) (710)
Accrued expenses and other current liabilities (2,890) 1,623
Net cash used in operating activities (16,091) (13,610)
Cash flow from investing activities:    
Purchase of investments (8,957) (11,980)
Proceeds from maturities and sales of investments 22,375 43,660
Purchase of property and equipment (5) (37)
Net cash provided by investing activities 13,413 31,643
Cash flows from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 14 441
Proceeds from issuance of common stock in connection with open market sales agreement, net of issuance costs 608 0
Net cash provided by financing activities 622 441
Effect of exchange rate changes on cash (104) 0
Net increase (decrease) in cash and cash equivalents (2,160) 18,474
Cash and cash equivalents at beginning of period 69,724 66,841
Cash and cash equivalents at end of period 67,564 85,315
Supplemental disclosures of non-cash information:    
Right Of Use Asset And Operating Lease Liability Reduction As A Result Of Lease Modification $ (640) $ 0