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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (22,955) $ (35,615)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on investments (267) 9
Amortization of right of use assets 390 307
Depreciation expense 454 676
Stock-based compensation including ESPP 3,664 3,786
Changes in operating assets and liabilities:    
Other assets 2,086 3,620
Right of use assets   (278)
Accounts payable (1,915) 740
Accrued liabilities (937) (6,071)
Operating lease liabilities (584) (47)
Other liabilities 0 1
Deferred revenue from collaborations (2,323) 12,438
Net cash and cash equivalents used in operating activities (22,387) (20,434)
Activities in available-for-sale investments:    
Maturities of investments 20,000  
Purchase of short-term investments 0 (59,889)
Purchases of property and equipment (7) (515)
Net cash and cash equivalents provided by (used in) investing activities 19,993 (60,404)
Cash flows from financing activities:    
Payments on finance lease (24) (31)
Proceeds from the exercise of common stock option 23 10
Net cash and cash equivalents used in financing activities (1) (21)
Net decrease in cash, cash equivalents, and restricted cash (2,395) (80,859)
Cash, cash equivalents, and restricted cash, beginning of period 81,463 186,980
Cash, cash equivalents, and restricted cash, end of period 79,068 106,121
Reconciliation to amounts on the consolidated balance sheet:    
Cash and cash equivalents 78,671 104,562
Restricted cash 397 1,559
Cash, cash equivalents, and restricted cash, end of period 79,068 106,121
Supplemental disclosures of noncash financing and investing activities:    
Mark to market adjustment for available-for-sale investments 98 (248)
Vesting of early exercised options $ 21 $ 84