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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net Loss $ (46,126) $ (66,546)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash rent expense 0 199
Stock based compensation 14,986 21,360
Depreciation and amortization 162 260
Impairment loss on operating lease 136 0
Loss on disposal of fixed assets 77 0
Non-cash goodwill impairment charge 825 0
Amortization of premium on available for sale investments 83 679
Change in deferred tax liabilities due to acquisition of Novosteo, Inc. (284) 0
Change in deferred tax liabilities due to acquisition of Novosteo, Inc.    
Prepaid expenses and other current assets 2,396 (973)
Other assets 175 (154)
Accounts payable (5,329) (675)
Accrued expenses and other current liabilities (5,304) (2,664)
Net cash used in operating activities (38,203) (48,514)
Cash flow from investing activities:    
Purchase of investments (66,767) (35,778)
Proceeds from maturities of investments 55,495 73,947
Cash acquired from Novosteo, Inc. 10,593 0
Proceeds from disposal of assets 70 0
Purchase of property and equipment (55) (136)
Net cash provided by / (used in) investing activities (664) 38,033
Cash flows from financing activities:    
Payments of finance leases (31) 0
Proceeds from issuance of common stock upon exercise of stock options 148 5,818
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 725 5,818
Effect of exchange rate changes on cash 227 29
Net decrease in cash and cash equivalents (37,915) (4,634)
Cash and cash equivalents at beginning of period 69,724 66,841
Cash and cash equivalents at end of period 31,809 62,207
Supplemental disclosures of non-cash information:    
Net assets acquired of Novosteo, Inc. in exchange for common stock 16,503 0
Right-of-use assets obtained in exchange for new operating lease liabilities 256 1,254
Right-of-use asset and operating lease liability reduction as a result of lease modification $ (640) $ 0