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Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Adjustments to reconcile net loss to net cash used in operating activities:    
Net loss $ (16,562) $ (5,562)
Depreciation and amortization 203 251
Noncash lease expense 222 276
Paid-in-kind interest on convertible notes payable 0 306
Amortization of debt discount 0 1,250
Share-based compensation 1,510 57
Change in fair value of convertible notes payable derivative liabilities 0 635
Changes in operating assets and liabilities:    
Accounts receivable 12 107
Prepaid expenses and other current assets 817 28
Accounts payable 132 (270)
Accrued expenses and other current liabilities 3,091 (120)
Operating lease liabilities (182) (283)
Net cash used in operating activities (10,757) (3,325)
Cash Flows from Investing Activities:    
Purchase of property and equipment (358) (80)
Purchase of investments (219,460) 0
Proceeds from sale of investments 160,001 0
Net cash used in investing activities (59,817) (80)
Cash Flows from Financing Activities:    
Proceeds from exercise of stock warrants, net of issuance costs 16,257 0
Payments for Paycheck Protection Program loan (908) 0
Proceeds from exercise of common stock options 287 0
Proceeds from convertible notes payable issuance and derivative liability 0 3,200
Repayments on finance lease obligations (49) (54)
Net cash provided by financing activities 15,587 3,146
Net decrease in cash and cash equivalents (54,987) (259)
Cash and cash equivalents- beginning of the period 389,705 6,285
Cash and cash equivalents - end of the period $ 334,718 $ 6,026