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Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 63 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Cash flows from operating activities      
Net loss $ (37,814) $ (40,665)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 146 128  
Stock-based compensation 7,048 5,775  
Issuance of PIK interest debt 877 848  
Accrued interest on revenue interest financing liability 5,154    
Amortization of debt discount 496 518  
Other 763 591  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (5,143) (4,384)  
Accounts payable and accrued expenses (includes changes in related party amounts of $137 and $2,719, respectively) (11,303) (6,075)  
Accrued clinical trial expenses   (1,402)  
Accrued interest 57 4  
Operating right-of-use assets and lease liabilities 50 22  
Other long-term assets   (117)  
Net cash used in operating activities (39,669) (44,757)  
Cash flows from investing activities      
Cash paid for property, plant and equipment (214) (67)  
Net cash used in investing activities (214) (67)  
Cash flows from financing activities      
Net cash provided by financing activities 14,072    
Net decrease in cash and cash equivalents and restricted cash (25,811) (44,824)  
Cash and cash equivalents and restricted cash - beginning of period 155,890 183,419  
Cash and cash equivalents and restricted cash - end of period 130,079 138,595 $ 130,079
Supplemental disclosure of cash flow information      
Interest paid 2,546 1,388  
Supplemental disclosure of noncash investing and financing activities      
Property and equipment purchases included in accounts payable and accrued expenses   120  
Settlement of ESPP liability in common stock 856 515  
Settlement of 401(k) liability in common stock 456 $ 254  
At-the-Market Offering Program      
Cash flows from financing activities      
Net proceeds from issuance of common stock $ 14,072   $ 38,700