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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (159,307) $ (110,936)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,005 810
Research and development license expense 3,500 1,250
Stock-based compensation 5,937 13,940
Change in fair value of warrant liability 100,456  
Issuance costs for pre-funded warrant liability 2,567  
Impairment of long-lived assets 616  
Non-cash lease expense 908 1,031
Other 581 616
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 4,008 1,980
Accounts payable (1,065) (3,217)
Accrued expenses and other liabilities (4,260) (8,576)
Deferred revenue (11,847)  
Net cash used in operating activities (56,901) (103,102)
Cash flows from investing activities    
Purchase of research and development license (3,500) (4,250)
Purchase of property, plant and equipment (3,852) (18,310)
Other 10  
Net cash used in investing activities (7,342) (22,560)
Cash flows from financing activities    
Proceeds from issuance of common stock, net of sales commissions   11,640
Proceeds from issuance of common stock and pre-funded warrants from private placement, net of placement agent commissions and other offering costs 140,713  
Payment of shelf registration costs (387) (319)
Proceeds from common stock issuances under ESPP 68 253
Other (253) (709)
Net cash provided by financing activities 140,641 10,865
Net increase (decrease) in cash, cash equivalents and restricted cash 76,398 (114,797)
Cash, cash equivalents and restricted cash at the beginning of the period 90,517 151,740
Cash, cash equivalents and restricted cash at the end of the period 166,915 36,943
Cash and cash equivalents 164,278 34,306
Restricted cash 2,637 2,637
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,665 1,758
Supplemental disclosure of noncash investing and financing activities:    
Property, plant and equipment in accounts payable and accrued expenses 45 3,366
Right-of-use assets obtained in exchange for lease liabilities   23,035
Offering costs not yet paid 423 $ 40
Issuance of warrants in connection with private placement 252  
Private Placement    
Cash flows from financing activities    
Proceeds from issuance of common stock, net of sales commissions $ 500