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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (25,565) $ (14,782)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,512 1,793
Accretion of final payment fee 121  
Amortization of premium on available-for-sale securities 118 229
Amortization of debt issuance costs 75 77
Depreciation 18 15
Changes in operating assets and liabilities:    
Prepaid and other current assets 1,942 (2,726)
Other assets 72 72
Accounts payable (2,422) 2,450
Accrued expenses (1,215) (2,110)
Net cash used in operating activities (24,344) (14,982)
Cash flows from investing activities:    
Proceeds from maturities of available-for-sale securities 36,179 29,896
Purchases of available-for-sale securities (9,401) (45,302)
Purchases of property and equipment (6) (4)
Net cash provided by (used in) investing activities 26,772 (15,410)
Cash flows from financing activities:    
Proceeds from issuance of common stock upon stock option exercises 29 216
Net cash provided by financing activities 29 216
Net change in cash and cash equivalents, and restricted cash 2,457 (30,176)
Cash and cash equivalents, and restricted cash at beginning of period 52,457 98,208
Cash and cash equivalents, and restricted cash at end of period 54,914 68,032
Components of cash and cash equivalents, and restricted cash:    
Cash and cash equivalents 54,889 68,007
Restricted cash 25 25
Total cash and cash equivalents, and restricted cash 54,914 68,032
Supplemental disclosures of cash information:    
Cash paid for interest $ 169  
Cash paid for income taxes   154
Supplemental disclosures of noncash information:    
Purchases of property and equipment included in accounts payable and accrued expenses   $ 6