XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (28,205) $ (39,410)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 633 510
Gain on disposal of fixed assets (20)  
Stockbased compensation expense 3,349 3,690
Noncash lease expense 2,114 2,367
Noncash interest expense 140 134
Amortization of premium on marketable securities 45  
Changes in operating assets and liabilities:    
Accounts receivable 36 (1)
Prepaid expenses and other current assets (873) (1,882)
Accounts payable (1,095) 3,046
Accrued expenses and other current liabilities (2,374) 898
Other liabilities 281  
Lease liabilities (2,256) (2,464)
Deferred revenue (6,044) (5,548)
Net cash used in operating activities (34,269) (38,660)
Cash flows from investing activities:    
Purchases of marketable securities (41,040)  
Purchase of property and equipment (506) (997)
Proceed from the sale of fixed assets 169  
Proceeds from maturities of marketable securities 3,000  
Net cash used in investing activities (38,377) (997)
Cash flows from financing activities:    
Payments of deferred offering costs   (622)
Proceeds from employee equity plans 48 631
Net cash provided by financing activities 48 9
Net decrease in cash, cash equivalents and restricted cash (72,598) (39,648)
Cash, cash equivalents and restricted cash at beginning of period 108,511 203,422
Cash, cash equivalents and restricted cash at end of period 35,913 163,774
Supplemental disclosure of cash flow information:    
Cash paid for interest 888 845
Supplemental disclosures of noncash investing and financing activities:    
Right-of-use assets obtained in exchange for lease liabilities 68 564
Purchases of property and equipment included in accounts payable and accrued expenses $ 5 $ 187