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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net loss $ (106,482) $ (95,402)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,199 1,330
Loss on disposal of property and equipment 13 4
Gain on extinguishment of debt 0 (690)
Stock-based compensation 14,563 25,117
Accrued interest 0 3
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (2,611) (237)
Accounts payable and accrued expenses 3,411 7,992
Right-of-use assets and lease liabilities, net (513) (331)
Net cash used in operating activities (90,420) (62,214)
Cash flows from investing activities    
Purchases of property and equipment (268) (924)
Proceeds from sale of property and equipment 3 0
Net cash used in investing activities (265) (924)
Cash flows from financing activities    
Payment of initial public offering costs 0 (1,911)
Proceeds from issuance of common stock, net of issuance costs 61,682 70,994
Proceeds from exercise of stock options 0 140
Proceeds from issuance of common stock under Employee Stock Purchase Plan 289 289
Payments for taxes related to net settlement of equity awards (758) 0
Net cash provided by financing activities 61,213 69,512
Net increase (decrease) in cash and cash equivalents (29,472) 6,374
Cash and cash equivalents, beginning of period 244,979 238,605
Cash and cash equivalents, end of period 215,507 244,979
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment additions included in accounts payable and accrued expenses 1 1
Tax related to net settlement of equity award included in accounts payable and accrued expenses $ 67 $ 291