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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net loss $ (52,614) $ (51,579)
Adjustments to reconcile net loss to net cash used for operating activities:    
Stock-based compensation expense 11,486 11,974
Depreciation and amortization 739 621
Amortization of debt discount 502 310
Amortization of premium (accretion of discount) on short-term investments 48 (117)
Impairment of property and equipment 80 27
Change in operating assets and liabilities:    
Accounts receivable 3,325 5,068
Prepaid expenses and other assets (2,718) 10,803
Inventory (724) (9,881)
Accounts payable 1,164 8,804
Accrued clinical and manufacturing liabilities 4,257 707
Accrued payroll and employee liabilities (3,968) (6,478)
Other accrued liabilities (3,515) (3,194)
Net cash used for operating activities (41,938) (32,935)
Investing activities:    
Purchases of short-term investments (44,058) (28,922)
Maturities and sales of short-term investments 40,500 95,675
Purchases of property and equipment (786) (2,938)
Net cash (used for) provided by investing activities (4,344) 63,815
Financing activities:    
Proceeds from issuance of common stock under equity incentive plan 883 504
Proceeds from warrant exercises   3
Net cash provided by financing activities 883 507
Net (decrease) increase in cash and cash equivalents (45,399) 31,387
Cash and cash equivalents at beginning of year 105,138 71,898
Cash and cash equivalents at end of period $ 59,739 $ 103,285