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Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net Income (Loss) $ (23,234) $ (27,460)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 240 293
Stock-based compensation 2,300 3,614
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (860) (2,106)
Accounts payable and accrued expenses (8,978) 3,151
Right-of-use assets and lease liabilities, net (296) (146)
Net cash used in operating activities (30,828) (22,654)
Cash flows from investing activities    
Purchases of property and equipment 0 (50)
Net cash used in investing activities 0 (50)
Cash flows from financing activities    
Payments for taxes related to net settlement of equity awards (13) (116)
Net cash used in financing activities (13) (116)
Net decrease in cash and cash equivalents (30,841) (22,820)
Cash and cash equivalents, beginning of period 111,471 215,507
Cash and cash equivalents, end of period 80,630 192,687
Supplemental disclosure of non-cash investing and financing activities    
Tax related to net settlement of equity awards included in accounts payable and accrued expenses $ 9 $ 17