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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net loss $ (16,514) $ (13,139)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of premium (accretion of discount) on marketable securities 218 (4)
Depreciation and amortization 280 199
Stock-based compensation expense 2,687 2,088
Gain on foreign currency translation 38 204
Changes in operating assets and liabilities:    
Accounts receivable 0 (5,010)
Prepaid expenses and other current assets (112) (562)
Accounts payable, accrued expenses, and other current liabilities 362 2,421
Deferred revenue (841) 5,065
Deferred rent (28) (7)
Net cash used in operating activities (13,910) (8,745)
Investing activities    
Purchase of marketable securities (15,734) (46,883)
Proceeds from maturities of marketable securities 28,372 0
Purchase of property and equipment (227) (98)
Net cash provided by (used in) investing activities 12,411 (46,981)
Financing activities    
Proceeds from issuance of common stock, net of issuance costs 1,180 69,842
Proceeds from exercise of stock options, net of repurchases 121 30
Net cash provided by financing activities 1,301 69,872
Net increase (decrease) in cash and cash equivalents (198) 14,146
Cash and cash equivalents at beginning of period 24,918 77,383
Cash and cash equivalents at end of period $ 24,720 $ 91,529