XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.1
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 $ (13,266) $ (32,829)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 113 189
Non-cash lease cost 236 221
Share-based compensation 2,170 3,203
Unrealized foreign currency transaction (gain) loss 0 (11)
Accretion of discount on marketable securities 0 23
Change in fair value of derivative liability 0 193
Non-cash interest expense associated with the sale of future royalties 0 2,488
Changes in operating assets and liabilities:    
Other receivables (781) 661
Prepaid expenses and other current assets (164) 31
Other assets 0 285
Accounts payable (34) 3,679
Accrued expenses and other current liabilities (111) (5,290)
Deferred revenue, current and non-current (740) (246)
Other long-term liabilities (11) (10)
Operating lease liability (265) (240)
Net cash used in operating activities (12,853) (28,223)
Cash flows from investing activities:    
Purchases of marketable securities 0 (26,970)
Proceeds from maturities of marketable securities 0 10,906
Net cash provided by (used in) investing activities 0 (16,064)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 0 3,626
Proceeds from stock option exercises 0 188
Net cash provided by financing activities 0 3,814
Net decrease in cash and cash equivalents: (12,853) (40,473)
Cash, cash equivalents and restricted cash at beginning of period 109,107 112,584
Cash, cash equivalents and restricted cash at end of period $ 96,254 $ 72,111