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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 income (loss) $ (19,741) $ 6,199
Adjustments to reconcile net income (loss) to net cash provided by (used in)    operating activities:    
Depreciation and amortization expense 318 345
Stock-based compensation expense 1,646 1,865
Non-cash interest expense related to note payable 122 146
Net amortization of premiums and discounts on marketable securities (134) 178
Loss on disposal of property and equipment 3 0
Non-cash operating lease cost 614 614
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (837) (695)
Unbilled receivable 0 (30,000)
Other assets 2 (20)
Accounts payable 852 1,074
Accrued expenses and other current liabilities (5,582) (2,601)
Operating lease liability (702) (671)
Net cash used in operating activities (23,439) (23,566)
Cash flows from investing activities:    
Purchases of property and equipment (17) (35)
Proceeds from sales of property and equipment 31 0
Purchases of marketable securities (16,930) 0
Proceeds from sales or maturities of marketable securities 18,350 12,500
Net cash provided by investing activities 1,434 12,465
Cash flows from financing activities:    
Proceeds from issuance of common stock upon public offering, net 0 20,556
Proceeds from employee stock purchases 77 157
Net cash provided by financing activities 77 20,713
Net increase (decrease) in cash and cash equivalents and restricted cash (21,928) 9,612
Cash and cash equivalents and restricted cash at beginning of period 52,505 57,640
Cash and cash equivalents and restricted cash at end of period 30,577 67,252
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,746 531
Supplemental disclosure of non-cash investing and financing activities:    
Additional right-of-use asset and related lease liability 0 755
Purchases of property and equipment included in accounts payable and accrued expenses $ 66 $ 43