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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (16,645) $ (15,460)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 5,527 1,609
Depreciation expense 10 0
Noncash operating lease expense 230 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,725 274
Other assets 311 0
Accounts payable (744) 365
Accrued expenses and other current liabilities (994) (1,640)
Changes in operating lease liabilities (55) 0
Net cash used in operating activities (10,635) (14,852)
Cash flows from investing activities:    
Purchase of property and equipment (168) 0
Net cash used in investing activities (168) 0
Cash flows from financing activities:    
Payment of offering costs 0 (697)
Proceeds from the exercise of stock options 58 0
Net cash provided by (used in) financing activities 58 (697)
Net decrease in cash, cash equivalents and restricted cash (10,745) (15,549)
Cash, cash equivalents and restricted cash at beginning of period 289,318 128,280
Cash, cash equivalents and restricted cash at end of period 278,573 112,731
Supplemental disclosure of cash flows:    
Offering costs in accounts payable and accrued expenses $ 0 $ 393