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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (28,100) $ (22,856)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 455 359
Stock-based compensation expense 3,531 2,578
Non-cash operating lease expense 244 348
Other 272 271
Changes in operating assets and liabilities:    
Accounts receivable 749 7,105
Prepaid expenses and other current assets 1,013 318
Other non-current assets 207 0
Accounts payable 1,770 665
Accrued liabilities (364) (2,092)
Operating lease liabilities (275) (361)
Net cash used in operating activities (20,498) (13,665)
Cash flows from investing activities    
Purchase of short-term investments (39,228) (64,806)
Maturity of short-term investments 41,403 77,280
Purchase of property and equipment (644) (242)
Net cash provided by investing activities 1,531 12,232
Cash flows from financing activities    
Proceeds from exercise of stock options 51 1,370
Payment of deferred offering costs (204) 0
Net cash (used in) provided by financing activities (153) 1,370
Net decrease in cash and cash equivalents (19,120) (63)
Cash and cash equivalents at beginning of period 51,665 50,882
Cash and cash equivalents at end of period 32,545 50,819
Supplemental disclosures of noncash investing and financing activities:    
Purchase of property and equipment in accounts payable and accrued liabilities 0 251
Reclassification of restricted stock awards from liabilities to common stock upon vesting 1 2
Net unrealized (loss) gain on short-term investments $ (749) $ 14