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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Loss from continuing operations $ (44,447) $ (85,613)
Loss from discontinued operations, net of income taxes (43) (216)
Net loss (44,490) (85,829)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 147 138
Stock-based compensation 5,088 8,572
Non-cash lease expense 724 766
Other non-cash items 183 188
Loss on disposal of assets 4 0
Realized gain on sale of equity holdings (1,390) (4,121)
Unrealized loss on equity holdings 5,488 12,387
Changes in operating assets and liabilities:    
Accounts receivable, net 0 68
Other receivables 414 (1,063)
Prepaid expenses and other current assets (2,735) 804
Other assets 834 (1)
Accounts payable and other accrued liabilities (8,362) 5,933
Accrued payroll and benefits (4,053) (2,971)
Other long-term liabilities (5,594) 988
Net cash used in operating activities (53,742) (64,141)
Cash Flows From Investing Activities:    
Proceeds from maturities of investments 2,695 92,023
Proceeds from sale of equity holdings 985 4,062
Purchases of investments (38,108) (16,351)
Purchases of property and equipment, net (45) (140)
Net cash (used in) provided by investing activities (34,473) 79,594
Cash Flows From Financing Activities:    
Issuance of common shares to Hanmi Pharmaceutical Co., Ltd. 20,000 0
Proceeds from sale of common stock under an at-the-market sales agreement, net 4,947 52,622
Proceeds from sale of stock under our employee stock purchase plan 257 474
Proceeds from employees for exercises of stock options 0 2
Net cash provided by financing activities 25,204 53,098
Effect of exchange rates on cash and cash equivalents (16) 13
Net (decrease) increase in cash and cash equivalents (63,027) 68,564
Cash and cash equivalents—beginning of period 88,539 46,009
Cash and cash equivalents—end of period 25,512 114,573
Supplemental disclosure of cash flow information:    
Cash paid for facility and equipment under operating leases 1,164 1,187
Cash paid for income taxes $ 0 $ 12