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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (89,218) $ (66,221)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 5,361 5,137
Accretion of marketable securities (1,072)  
Non-cash interest expense related to note payable 757 260
Stock-based compensation 5,208 4,551
Changes in current assets and liabilities:    
Prepaid expenses and other assets 985 (410)
Right-of-use assets and lease liabilities, net 935 (2,047)
Accounts payable (52) 528
Accrued expense and other liabilities 3,853 732
Deferred revenue 11,885 (9,033)
Net cash used in operating activities (61,358) (66,503)
Cash flows from investing activities:    
Purchases of property and equipment (3,146) (4,225)
Purchases of marketable securities (77,613)  
Proceeds from maturities of marketable securities 20,000  
Net cash used in investing activities (60,759) (4,225)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 42,414  
Proceeds from issuance of pre-funded warrants, net of offering costs 92,318  
Issuance of common stock under ESPP plan   193
Proceeds from exercise of stock options 711 133
Proceeds from issuance of term loan, net of issuance costs paid to lender   29,354
Payments of debt issuance costs   (324)
Net cash provided by financing activities 135,443 29,356
Net increase (decrease) in cash, cash equivalents and restricted cash 13,326 (41,372)
Cash, cash equivalents, and restricted cash - beginning of year 125,064 166,436
Cash, cash equivalents, and restricted cash - end of year 138,390 125,064
Summary of cash, cash equivalents and restricted cash reported within the consolidated balance sheets:    
Cash and cash equivalents 133,359 120,027
Restricted cash 5,031 5,037
Total cash, cash equivalents, and restricted cash 138,390 125,064
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,002 660
Supplemental disclosure of non-cash investing and financing activities:    
Lease liability arising from obtaining right-of-use asset 6,214 53,541
Purchase of property and equipment in accounts payable and accrued liabilities $ 301 $ 444