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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (76,462) $ (71,136)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 7,021 10,308
Depreciation and amortization expense 1,925 2,020
Loss on disposal of property and equipment 0 95
Noncash lease expense 2,920 0
Net amortization of premiums on marketable securities 208 708
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 206 (1,075)
Accounts payable (801) (720)
Accrued expenses and other current liabilities 973 153
Operating lease liabilities (3,080) 0
Deferred rent 0 116
Net cash used in operating activities (67,090) (59,531)
Cash flows from investing activities:    
Purchases of property and equipment (314) (1,264)
Purchases of marketable securities (69,498) (45,308)
Maturities of marketable securities 60,000 90,000
Net cash provided by (used in) investing activities (9,812) 43,428
Cash flows from financing activities:    
Proceeds from private investment 0 86,400
Proceeds from issuance of common stock under the ATM Program, net of commissions 2,904 0
Payments of offering costs (141) (303)
Proceeds from exercise of common stock options 0 3,363
Proceeds from issuance of common stock under Employee Stock Purchase Plan 115 141
Net cash provided by financing activities 2,878 89,601
Net increase (decrease) in cash, cash equivalents and restricted cash (74,024) 73,498
Cash, cash equivalents and restricted cash at beginning of period 133,430 59,932
Cash, cash equivalents and restricted cash at end of period 59,406 133,430
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment included in accounts payable and accrued expenses $ 245 $ 0