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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
OPERATING CASH FLOW ACTIVITIES:            
Net loss       $ (69,142) $ (53,995)  
Reconciliation of net loss to net cash used in operating activities            
Depreciation   $ 84 $ 80 161 144  
Accretion of debt discount and amortization of financing costs   321   321    
Stock-based compensation expense       8,307 12,334  
Changes in operating assets and liabilities:            
Inventory       (1,395)    
Prepaid expenses, other current assets and other assets       (7,072) (1,064)  
Operating lease right-of-use assets       133    
Accounts payable, accrued expenses, and other liabilities       3,315 559  
Operating lease liabilities       (144)    
Net cash used in operating activities       (65,516) (42,022)  
INVESTING CASH FLOW ACTIVITIES:            
Purchases of equipment and leasehold improvements       (139) (416)  
Net cash used in investing activities       (139) (416)  
FINANCING CASH FLOW ACTIVITIES:            
Proceeds from long-term debt       68,600    
Debt issuance costs       (2,646)    
Proceeds from issuance of common stock, net of issuance costs $ 96,971       101,027  
Exercise of stock options       185 1,349  
Net cash provided by financing activities       66,139 102,376  
Net increase in cash and cash equivalents       484 59,938  
Cash and cash equivalents, beginning of the period       232,968 213,119 $ 213,119
Cash and cash equivalents, end of the period $ 273,057 $ 233,452 $ 273,057 $ 233,452 $ 273,057 $ 232,968