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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income / (loss) $ 10,476 $ (66,572)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain from sale of priority review voucher, net (62,010)  
Depreciation and amortization 346 186
Stock-based compensation 9,525 4,665
Non-cash expense in connection with equity issuance to MSK/MIT   1,331
Non-cash expense in connection with equity issuance to inventors   7,376
Foreign currency transactions 513 (66)
Changes in assets and liabilities:    
Accounts receivable, net (8,517)  
Inventories (3,820)  
Other current assets 4,284 (442)
Other assets (1,503) 13
Accounts payable (2,569) 1,305
Accrued liabilities and other 2,658 2,813
NET CASH USED IN OPERATING ACTIVITIES (50,617) (49,391)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (441) (28)
Net proceeds from sale of priority review voucher 62,010  
NET CASH PROVIDED BY/ (USED IN) INVESTING ACTIVITIES 61,569 (28)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs 107,725  
Proceeds from exercised stock options 241 370
NET CASH PROVIDED BY FINANCING ACTIVITIES 107,966 370
Effect of exchange rates on cash and cash equivalents 35 (28)
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 118,953 (49,077)
Cash and cash equivalents at the beginning of period 114,634 207,136
Cash and cash equivalents at the end of period $ 233,587 $ 158,059