XML 13 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,956) $ (26,148)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 0 577
Stock-based compensation expense 478 1,575
Amortization of premium on marketable securities 47 549
Non-cash loss on termination of lease 0 137
Gain on sale of equipment 0 (23)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (698) (1,007)
Accounts payable (2,475) (8,255)
Other liabilities (676) (1,904)
Net cash used in operating activities (13,280) (34,499)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment 0 (7)
Proceeds from sale of property and equipment 0 35
Purchases of available-for-sale marketable securities 0 (3,672)
Proceeds from sales and maturities of marketable securities 7,078 49,021
Net cash provided by investing activities 7,078 45,377
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of pre-funded warrants for the purchase of common stock, net of issuance costs 16,567 0
Repurchase and retirement of common stock, amount (3,000) 0
Net cash provided by financing activities 13,567 0
Net change in cash and cash equivalents 7,365 10,878
Cash and cash equivalents at beginning of period 36,640 8,305
Effect of exchange rates on cash 44 58
Cash and cash equivalents at end of period 44,049 19,241
Supplemental non-cash disclosure: NONCASH INVESTING AND FINANCING ACTIVITY:    
Non-cash gain on sale of fixed assets 0 14
Operating right-of-use asset obtained in exchange for operating lease liability 0 824
Derecognition of operating right-of-use asset and operating lease liability upon termination of lease 0 714
Unrealized (loss) gain on available-for-sale securities $ 50 $ (167)