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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (25,140) $ (25,101)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,062 1,131
Accretion of (discount) premium on investments (144) 36
Stock-based compensation 2,647 3,130
Non-cash interest expense related to sale of future royalties 178 340
Non-cash revenue related to sale of future royalties (20) (71)
Change in operating assets and liabilities:    
Accounts receivable (244) (10)
Prepaid expenses and other assets 1,067 (4,498)
Accounts payable (270) 113
Deferred grant revenue (397) 0
Other accrued liabilities (4,199) (183)
Net cash used in operating activities (24,460) (25,113)
Cash flows from investing activities:    
Purchases of property and equipment (1,239) (1,346)
Purchases of investments 0 (8,522)
Proceeds from maturities of investments 26,700 13,600
Net cash provided by investing activities 25,461 3,732
Cash flows from financing activities:    
Net proceeds from issuance of common stock through ATM facilities 1,430 992
Shares acquired to settle employee tax withholding liabilities (10) 0
Proceeds from issuance of common stock upon exercise of stock options 0 48
Net cash provided by financing activities 1,420 1,040
Net increase (decrease) in cash, cash equivalents and restricted cash 2,421 (20,341)
Cash, cash equivalents and restricted cash at beginning of the period 46,013 143,745
Cash, cash equivalents and restricted cash at end of the period 48,434 123,404
Supplemental disclosure of non-cash investing and financing activity:    
Operating lease liabilities arising from obtaining right-of-use assets 296 125
Acquisition of property and equipment included in accounts payable and accrued expenses $ 246 $ 505