XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net Loss $ (51,660) $ (89,945)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Non-cash rent expense (29) 199
Stock based compensation 16,618 29,853
Depreciation and amortization 204 344
Impairment loss on operating lease 136 0
Loss on disposal of fixed assets 94 0
Non-cash goodwill impairment charge 825 0
Amortization of premium / (discount) on available for sale investments (113) 878
Change in deferred tax liabilities due to acquisition of Novosteo, Inc. (284) 0
Changes in operating assets and liabilities, net of acquisitions:    
Prepaid expenses and other current assets 2,580 (829)
Other assets 194 (155)
Accounts payable (5,943) 1,356
Accrued expenses and other current liabilities (6,660) (4,633)
Net cash used in operating activities (44,038) (62,932)
Cash flow from investing activities:    
Purchase of investments (75,021) (38,789)
Proceeds from maturities of investments 82,493 97,921
Cash acquired from Novosteo, Inc. 10,593 0
Proceeds from disposal of assets 70 0
Purchase of property and equipment (133) (180)
Net cash provided by (used in) investing activities 18,002 58,952
Cash flows from financing activities:    
Payments of finance leases (49) 0
Proceeds from issuance of common stock upon exercise of stock options 148 6,808
Proceeds from issuance of common stock 608 0
Proceeds from private placement offering, net of issuance costs 0 0
Net cash provided by financing activities 707 6,808
Effect of exchange rate changes on cash 184 55
Net increase in cash and cash equivalents (25,145) 2,883
Cash and cash equivalents at beginning of period 69,724 66,841
Cash and cash equivalents at end of period 44,579 69,724
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 411 1,254
Right-of-use asset and operating lease liability reduction as a result of lease modification $ (640) $ 0