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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (35,615,000) $ (27,674,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on investments 9,000 37,000
Amortization of right of use assets 307,000 132,000
Depreciation expense 676,000 741,000
Stock-based compensation including ESPP 3,786,000 2,756,000
Changes in operating assets and liabilities:    
Other assets 3,620,000 277,000
Right of use assets (278,000)  
Accounts payable 740,000 (502,000)
Accrued liabilities (6,071,000) (4,239,000)
Operating lease liabilities (47,000) (303,000)
Other liabilities 1,000 (111,000)
Deferred revenue from collaborations 12,438,000 (910,000)
Net cash and cash equivalents used in operating activities (20,434,000) (29,796,000)
Activities in available-for-sale investments:    
Purchase of short-term investments (59,889,000)  
Maturities of investments   10,000,000
Purchases of property and equipment (515,000) (307,000)
Net cash and cash equivalents (used in) provided by investing activities (60,404,000) 9,693,000
Cash flows from financing activities:    
Payments on finance lease (31,000) (18,000)
Proceeds from the exercise of common stock option 10,000 96,000
Net cash and cash equivalents (used in) provided by financing activities (21,000) 78,000
Net decrease in cash, cash equivalents, and restricted cash (80,859,000) (20,025,000)
Cash, cash equivalents, and restricted cash, beginning of period 186,980,000 220,943,000
Cash, cash equivalents, and restricted cash, end of period 106,121,000 200,918,000
Reconciliation to amounts on the consolidated balance sheet:    
Cash and cash equivalents 104,562,000 200,362,000
Restricted cash 1,559,000 556,000
Cash, cash equivalents, and restricted cash, end of period 106,121,000 200,918,000
Supplemental disclosures of noncash financing and investing activities:    
Mark to market adjustment for available-for-sale investments (248,000) (41,000)
Acquisition of right of use asset through operating lease obligation   184,000
Vesting of early exercised options $ 84,000 42,000
Change in pension obligation   $ 2,000