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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net loss $ (49,762) $ (34,495) $ (41,975)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities      
Depreciation and amortization 1,725 1,381 1,245
Net amortization (accretion) of premiums (discounts) on marketable securities 1,834 578 (473)
Stock-based compensation 8,237 3,609 2,168
Loss on sale of property and equipment 0 2 14
Realized gain on marketable securities 0 (18) (8)
Changes in assets and liabilities      
Accounts receivable 774 (1,877) 0
Prepaid expenses and other assets (189) (510) (1,963)
Right-of-use assets 1,307 (148) 1,093
Accounts payable 1,166 225 (195)
Accrued and other liabilities 4,212 2,992 2,030
Contract liabilities (23,541) 83,773 0
Lease liabilities (1,542) (49) (1,249)
Net cash provided by (used in) operating activities (55,779) 55,463 (39,313)
Cash flows from investing activities      
Purchases of property and equipment, net (2,644) (493) (1,353)
Purchases of marketable securities (314,996) (242,314) (88,004)
Maturities of marketable securities 243,956 96,564 73,528
Sales of marketable securities 4,018 0 18,094
Net cash (used in) provided by investing activities (69,666) (146,243) 2,265
Cash flows from financing activities      
Proceeds from issuance of common stock in public offering, net of issuance costs 85,990 100,664 50,321
Proceeds from issuance of common stock in private placement, net of issuance costs 0 19,988 0
Proceeds from issuance of common stock related to at-the-market offering program, net of issuance costs 57,263 6,582 0
Proceeds from exercise of common stock options, net of repurchases 1,504 1,190 289
Proceeds from ESPP purchases 697 326 0
Net cash provided by financing activities 145,454 128,750 50,610
Net increase in cash, cash equivalents and restricted cash 20,009 37,970 13,562
Cash, cash equivalents and restricted cash, at beginning of period 72,143 34,173 20,611
Cash, cash equivalents and restricted cash, at end of period 92,152 72,143 34,173
Reconciliation of cash, cash equivalents and restricted cash      
Cash and cash equivalents 92,046 72,037 34,067
Restricted cash 106 106 106
Cash, cash equivalents and restricted cash, at end of period 92,152 72,143 34,173
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 4 1 1
Cash paid for interest 71 82 91
Supplemental non-cash investing and financing activities:      
Right-of-use asset obtained in exchange for new operating lease liability 0 1,191 0
Vesting of early exercised options and restricted stock 24 56 114
Purchases of property and equipment in accounts payable and accrued liabilities 92 520 0
Conversion of redeemable convertible preferred stock into common stock $ 0 $ 0 $ 138,391