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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net Income (Loss) $ (29,802) $ (41,746)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on investments (936) (424)
Amortization of right of use assets 746 755
Impairment of right of use assets   724
Changes in fair value of the warrants (16,106)  
Depreciation expense 538 858
Stock-based compensation including ESPP 4,704 6,860
Changes in operating assets and liabilities:    
Other assets 342 4,251
Accounts payable 4,302 (1,496)
Accrued liabilities (4,778) (2,202)
Operating lease liabilities (1,267) (1,184)
Deferred revenue from collaborations (84) (4,640)
Deferred revenue from customers 102 2,241
Net cash and cash equivalents used in operating activities (42,239) (36,003)
Activities in available-for-sale investments:    
Maturities of short-term investments 40,000 45,000
Purchase of short-term investments (88,573) (10)
Purchases of property and equipment (76) 7
Net cash and cash equivalents (used in) provided by investing activities (48,649) 44,997
Cash flows from financing activities:    
Payments on finance lease (35) (71)
Proceeds from the ESPP purchase 297 461
Proceeds from the exercise of common stock option   23
Net cash and cash equivalents provided by financing activities 262 413
Net (decrease) increase in cash, cash equivalents, and restricted cash (90,626) 9,407
Cash, cash equivalents, and restricted cash, beginning of period 135,774 81,463
Cash, cash equivalents, and restricted cash, end of period 45,148 90,870
Reconciliation to amounts on the Consolidated Balance Sheet:    
Cash and cash equivalents 45,078 90,828
Restricted cash 70 42
Cash, cash equivalents, and restricted cash, end of period 45,148 90,870
Supplemental disclosures of noncash financing and investing activities:    
Mark to market adjustment for available-for-sale investments (51) 96
Acquisition of right of use asset through operating lease obligation   1,094
Vesting of early exercised options $ 0 $ 41