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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (10,177) $ (12,405)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,213 1,515
Depreciation and amortization 161 157
Accretion on marketable securities (348) 197
Non-cash lease expense 316 291
Amortization of financing lease right-of-use assets 197 177
Realized gain on marketable securities   (15)
Loss on fixed asset disposition 105  
Gain on fixed asset disposition (9)  
Changes in operating assets and liabilities:    
Prepaid expenses (1,580) (2,007)
Other assets (8) 175
Accounts payable and accrued liabilities 242 2,644
Compensation and employee benefits (1,577) (1,193)
Operating lease liabilities (307) (271)
Other liabilities 36 (15)
Net cash used in operating activities (11,736) (10,750)
Investing activities    
Purchases of property and equipment (151) (19)
Purchases of short-term investments (9,846) (8,017)
Sales of short-term investments   12,365
Maturities of short-term investments 12,300 7,864
Proceeds from sale of property and equipment 9  
Net cash provided by investing activities 2,312 12,193
Financing activities    
Principle payments for financing leases (186) (133)
Proceeds from the exercise of common stock options   238
Payment of employee restricted stock tax withholdings (76)  
Employee stock purchase plan proceeds   14
Net cash (used in) provided by financing activities (262) 119
Net (decrease) increase in cash and cash equivalents (9,686) 1,562
Cash and cash equivalents at beginning of period 17,795 7,159
Cash and cash equivalents at end of period 8,109 8,721
Supplemental disclosure of noncash financing information:    
Property and equipment additions included in accounts payable and accrued liabilities   11
Property and equipment disposals included in other assets (120)  
Issuance of equity in exchange for compensation included in compensation and employee benefits 302  
Initial measurement of operating lease right-of-use assets 258 6,558
Initial measurement of operating lease liabilities $ 258 5,580
Initial measurement of finance lease right-of-use assets   $ 411