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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net Loss $ (12,254) $ (21,641)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 1,481 9,240
Depreciation and amortization 17 38
Impairment loss on operating lease 66 0
Loss on disposal of fixed assets 73 0
Equity investment in Lighthouse, Inc. (70) 0
Non-cash intangible impairment charge 5,900 0
Amortization of (discount) premium on available for sale investments (139) 135
Change in deferred tax liabilities (248)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,413 42
Right of use assets and lease liabilities (45) 0
Other assets 0 165
Accounts payable 1,081 (1,180)
Accrued expenses and other current liabilities (844) (2,890)
Net cash used in operating activities (3,569) (16,091)
Cash flow from investing activities:    
Purchase of investments (7,691) (8,957)
Proceeds from maturities of investments 13,277 22,375
Proceeds from disposal of fixed assets 90 0
Purchase of property and equipment (136) (5)
Net cash provided by investing activities 5,540 13,413
Cash flows from financing activities:    
Payments of finance leases (6) 0
Proceeds from issuance of common stock on exercise of stock options 56 14
Proceeds from issuance of common stock in connection with open market sales agreement, net of issuance costs 0 608
Net cash provided by financing activities 50 622
Effect of exchange rate changes on cash 114 (104)
Net increase (decrease) in cash and cash equivalents 2,135 (2,160)
Cash and cash equivalents at beginning of period 44,579 [1] 69,724
Cash and cash equivalents at end of period 46,714 67,564
Supplemental disclosures of non-cash information:    
Right-of-use asset and financing lease liability reduction as a result of lease modification (70) 0
Right-of-use asset and operating lease liability reduction as a result of lease modification $ 0 $ (640)
[1] The balance sheet as of December 31, 2022 is derived from the audited financial statements as of that date.