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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (27,631) $ (69,200)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 587 442
Gain on disposal of equipment (70) (75)
Noncash interest expense 0 35
Share-based compensation 4,305 2,843
Amortization of premium and discount on marketable securities (190) 0
Write-off of in-process R&D 0 50,618
ROU asset amortization 833 786
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 639 63
Accounts payable 1,894 (193)
Accrued expenses (3,033) 427
Operating lease liability (818) (747)
Net cash used in operating activities (23,484) (15,001)
Cash flows from investing activities:    
Purchases of property and equipment (158) (791)
Purchases of marketable securities (117,332) 0
Proceeds from sale or maturities of marketable securities 12,760 0
Asset acquisition costs 0 (318)
Proceeds from sale of equipment 176 115
Net cash used in investing activities (104,554) (994)
Cash flows from financing activities:    
Proceeds from issuance of common stock 5 0
Repayment of borrowings under loan 0 (5,625)
Net cash provided by (used in) financing activities 5 (5,625)
Net change in cash, cash equivalents and restricted cash (128,033) (21,620)
Cash, cash equivalents and restricted cash at beginning of period 144,514 47,339
Cash, cash equivalents and restricted cash at end of period 16,481 25,719
Supplemental disclosure of cash flow information    
Cash paid for interest 0 226
ROU asset acquired through operating leases 0 5,148
Unrealized loss on marketable securities 641 0
Acquisition of Trigr Therapeutics, Inc. $ 0 $ 50,300