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Consolidated 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 income (loss) $ (78,485) $ 59,337 $ (54,789)
Adjustments to reconcile net loss to net cash provided by (used in) operating    activities:      
Depreciation and amortization expense 1,569 1,670 1,785
Stock-based compensation expense 8,546 7,765 5,991
Non-cash interest expense related to note payable 1,069 1,650 74
Net amortization of premiums and discounts on marketable securities 807 (47) (764)
Loss on disposal of property and equipment 0 1 1
Non-cash operating lease cost 2,041 1,950 1,814
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 1,653 (32) 3,001
Unbilled receivable 518 (2,571) 0
Other assets 74 (431) 12
Accounts payable (226) (2,716) 583
Accrued expenses and other current liabilities 2,307 2,436 (710)
Operating lease liability (2,217) (423) (1,778)
Deferred revenue - related party 0 (38,592) (15,360)
Net cash provided by (used in) operating activities (62,344) 29,997 (60,140)
Cash flows from investing activities:      
Purchases of property and equipment (120) (43) (1,538)
Purchases of marketable securities (111,632) (650) (118,347)
Proceeds from sales or maturities of marketable securities 12,500 59,000 136,850
Net cash provided by (used in) investing activities (99,252) 58,307 16,965
Cash flows from financing activities:      
Proceeds from issuance of convertible note payable, net of issuance costs 10,687 10,000 7,217
Payments of debt issuance costs 0 0 (81)
Proceeds for issuance of common stock, net 29,525 29,086 24
Proceeds from employee stock purchases 266 194 0
Proceeds from exercise of stock options 2,022 802 255
Net cash provided by financing activities 42,500 40,082 7,415
Net increase (decrease) in cash and cash equivalents and restricted cash (119,096) 128,386 (35,760)
Cash and cash equivalents and restricted cash at beginning of period 176,736 48,350 84,110
Cash and cash equivalents and restricted cash at end of period 57,640 176,736 48,350
Supplemental disclosure of cash flow information:      
Cash paid for interest 1,406 1,052 0
Supplemental disclosure of non-cash investing and financing activities:      
Purchases of property and equipment included in accounts payable and    accrued expenses 436 1,006 0
Additional right-of-use asset and related lease liability 0 15,003 0
Conversion of note payable into shares of common stock $ 1,500 $ 2,000 $ 0