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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 $ (14,639) $ (10,257)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,056 947
Depreciation expense 25 25
Amortization and accretion on investments 48 55
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (3,210) (2,586)
Accounts payable (476) 1,030
Accrued expenses and other current liabilities (1) (2,226)
Operating lease assets and liabilities, net 37 (8)
Net cash used in operating activities (17,160) (13,020)
Cash flows from investing activities:    
Proceeds from maturities and sales of short-term investments 5,470 22,037
Purchases of short-term investments   (3,722)
Purchases of property and equipment (135) (12)
Net cash provided by investing activities 5,335 18,303
Cash flows from financing activities:    
Payment of issuance costs   (12)
Proceeds from exercise of options   472
Net cash provided by financing activities   460
Net increase (decrease) in cash, cash equivalents and restricted cash (11,825) 5,743
Cash, cash equivalents and restricted cash, beginning of period 48,484 47,786
Cash, cash equivalents and restricted cash, end of period 36,659 53,529
Supplemental disclosure of non-cash investing and financing activities:    
Deferred offering costs included in accounts payable and accrued expenses   208
Right of use asset obtained in exchange for lease liabilities 1,886  
Purchases of property and equipment included in accrued expenses 228 12
Unrealized loss on investments $ (35) $ (2)