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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (35,595) $ (45,681)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of (discount)/premium on available-for-sale securities 7 (20)
Equity-based compensation expense 6,542 6,347
Depreciation expense 1,453 2,360
Gain on disposal of property and equipment 3  
Changes in operating assets and liabilities:    
Prepaid expenses and other current and non-current assets 621 362
Accounts receivable - related party (286)  
Accounts payable (318) (3,892)
Accrued expenses and other current and non-current liabilities (4,529) (1,818)
Deferred revenue- related party, current and non-current (6,364)  
Net cash used in operating activities (38,466) (42,342)
Cash flows from investing activities:    
Purchases of property and equipment (384) (759)
Proceeds from sale and maturities of available-for-sale securities   7,900
Purchases of available-for-sale securities (48,368) (401)
Net cash (used in) provided by investing activities (48,752) 6,740
Cash flows from financing activities:    
Proceeds from issuance of common stock 134,878  
Proceeds from exercise of stock options 38  
Net cash provided by financing activities 134,916  
Net increase/(decrease) in cash, cash equivalents and restricted cash 47,698 (35,602)
Cash, cash equivalents, and restricted cash at beginning of period 155,071 76,370
Cash, cash equivalents, and restricted cash at end of period 202,769 40,768
Supplemental disclosure of non-cash investing and financing activities:    
Change in unrealized loss (11)  
Decrease in right of use asset due to lease termination (1,233)  
Property and equipment included in accounts payable and accruals $ 47 $ 27