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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (28,385) $ (73,186)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 329 740
Non-cash lease cost 720 446
Impairment of long-term asset 5,306 635
Share-based compensation 5,935 6,626
Unrealized foreign currency transaction (gain) loss 0 8
Accretion of discount on marketable securities 0 13
Change in fair value of derivative liability 0 (776)
Non-cash interest expense associated with the sale of future royalties 0 2,605
Loss on extinguishment of liability related to the sale of future royalties 0 3,581
Changes in operating assets and liabilities:    
Other receivables (1,905) 1,678
Prepaid expenses and other current assets (2,029) 7,133
Other assets 0 (2)
Accounts payable 486 1,483
Accrued expenses and other current liabilities (2,410) (6,257)
Deferred revenue, current and non-current 5,091 3,525
Other long-term liabilities (35) (31)
Operating lease liability (816) (434)
Income tax 2,211 0
Net cash used in operating activities (15,502) (52,213)
Cash flows from investing activities:    
Purchases of marketable securities 0 (26,970)
Proceeds from maturities of marketable securities 0 60,777
Net cash provided by (used in) investing activities 0 33,807
Cash flows from financing activities:    
Repayment of liability related to the sale of future royalties 0 (54,485)
Proceeds from the issuance of common stock, net of issuance costs 220 10,334
Proceeds from stock option exercises 0 419
Net cash provided by financing activities 220 (43,732)
Net decrease in cash and cash equivalents: (15,282) (62,138)
Cash, cash equivalents and restricted cash at beginning of period 109,107 112,584
Cash, cash equivalents and restricted cash at end of period $ 93,825 $ 50,446