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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (29,079) $ (27,631)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation and amortization 538 587
Stock-based compensation 4,520 4,305
Amortization of premium and discount on marketable securities (2,414) (190)
ROU asset amortization 884 833
Gain on disposal of equipment 0 (70)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 5,301 639
Accounts payable (1,076) 1,894
Accrued expenses (6,046) (3,033)
Operating lease liability (892) (818)
Net cash used in operating activities (28,264) (23,484)
Cash flows from investing activities:    
Purchases of property and equipment (21) (158)
Purchases of marketable securities (110,339) (117,332)
Proceeds from sale or maturities of marketable securities 131,011 12,760
Proceeds from sale of equipment 0 176
Net cash provided by (used in) investing activities 20,651 (104,554)
Cash flows from financing activities:    
Proceeds from exercise of stock options 62 5
Proceeds from issuance of common stock (3,126) 0
Issuance costs from issuance of common stock (95) 0
Net cash provided by financing activities 3,093 5
Net change in cash and cash equivalents (4,520) (128,033)
Cash and cash equivalents at beginning of period 34,946 144,514
Cash and cash equivalents at end of period 30,426 16,481
Supplemental disclosure of cash flow information    
Unrealized loss on marketable securities $ 128 $ 641