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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net (loss) income $ (12,584) $ 102,210
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation 1,518 1,990
Warrant liability revaluation gain (116) (6,983)
Future tranche right liability revaluation gain   (118,803)
Issuance of common stock for services rendered 66 130
Accretion of discounts on short-term investments   (1)
Depreciation and amortization expense 11 17
Deferred tax benefit (6,039)  
Changes in operating assets and liabilities, net of effects from Acquisition:    
Accounts receivable (49)  
Prepaid expenses and other assets 806 1,930
Accounts payable, accrued expenses, and other liabilities 4,954 (1,040)
Other 142 5
Net cash used in operating activities (11,291) (20,545)
Cash Flows from Investing Activities:    
Cash acquired in acquisition of Aceragen 5,482  
Proceeds from maturity of available-for-sale securities   4,500
Net cash provided by investing activities 5,482 4,500
Cash Flows from Financing Activities:    
Proceeds from common stock financings, net   19,534
Proceeds from employee stock purchases 43 48
Proceeds from exercise of common stock options and warrants 16 271
Payments on seller-financed purchases   (435)
Net cash provided by financing activities 59 19,418
Net (decrease) increase in cash and cash equivalents (5,750) 3,373
Cash and cash equivalent, beginning of period 32,545 33,229
Cash and cash equivalents, end of period 26,795 36,602
Supplemental disclosure of cash flow information:    
Cash paid for interest   $ 5
Supplemental disclosure of non-cash financing and investing activities:    
Offering costs in accounts payable and accrued expenses $ 15