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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (19,014) $ (34,542)
Adjustments to reconcile net loss to net cash provided by (used in)    operating activities:    
Depreciation and amortization expense 691 802
Stock-based compensation expense 3,938 4,659
Non-cash interest expense related to note payable 296 816
Net amortization of premiums and discounts on marketable securities 276 357
Non-cash operating lease cost 1,172 1,007
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,660) (1,125)
Other assets 157 74
Accounts payable (1,128) (487)
Accrued expenses and other current liabilities (2,395) (1,704)
Operating lease liability (1,304) (1,086)
Net cash used in operating activities (18,971) (31,229)
Cash flows from investing activities:    
Purchases of property and equipment (146) 0
Purchases of marketable securities (15,690) (81,311)
Proceeds from sales or maturities of marketable securities 30,745 0
Net cash provided by (used in) investing activities 14,909 (81,311)
Cash flows from financing activities:    
Proceeds from issuance of common stock upon public offering, net 22,666 18,982
Proceeds from employee stock purchases 164 118
Proceeds from exercise of stock options 11 1,634
Net cash provided by financing activities 22,841 20,734
Net increase (decrease) in cash and cash equivalents and restricted cash 18,779 (91,806)
Cash and cash equivalents and restricted cash at beginning of period 57,640 176,736
Cash and cash equivalents and restricted cash at end of period 76,419 84,930
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,097 636
Supplemental disclosure of non-cash investing and financing activities:    
Additional right-of-use asset and related lease liability 755 0
Purchases of property and equipment included in accounts payable and accrued expenses 92 0
Conversion of note payable into shares of common stock $ 0 $ 1,500