XML 20 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (40,665) $ (34,843)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 128 125
Stock-based compensation 5,775 3,818
Issuance of PIK interest debt 848  
Amortization of debt discount 518 364
Other 591 357
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (includes the change in related party amounts of $0, and $82, respectively) (4,384) (965)
Accounts payable and accrued expenses (includes the change in related party amounts of $2,719, and $428, respectively) (6,073) (9,516)
Accrued clinical trial expenses (1,402) (9,129)
Accrued interest 4 0
Operating right-of-use asset and lease liabilities 22 25
Other long-term assets (464) (1)
Net cash used in operating activities (45,102) (49,765)
Cash flows from investing activities    
Cash paid for property, plant and equipment (67) (169)
Net cash used in investing activities (67) (169)
Cash flows from financing activities    
Proceeds from issuance of common stock from exercise of stock options   412
Net cash provided by financing activities   412
Net (decrease) in cash and cash equivalents (45,169) (49,522)
Cash and cash equivalents – beginning of period 183,259 287,496
Cash and cash equivalents – end of period 138,090 237,974
Supplemental disclosure of cash flow information    
Interest paid 1,388 906
Supplemental disclosure of noncash investing and financing activities    
Property and equipment purchases included in accounts payable and accrued liabilities 120 21
Settlement of ESPP liability in common stock 515 358
Settlement of 401(k) liability in common stock $ 254 $ 323