XML 25 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net (loss) income $ (23,360) $ 98,091
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Stock-based compensation 2,188 2,537
Foreign currency translation 6  
Warrant liability revaluation gain (361) (6,983)
Series X preferred stock liability loss 2,400  
Future tranche right liability revaluation gain   (118,803)
Issuance of common stock for services rendered 88 152
Accretion of discounts on short-term investments   (1)
Accretion of discounts on acquisition obligation 66  
Depreciation and amortization expense 15 22
Deferred tax benefit (6,318)  
Changes in operating assets and liabilities, net of effects from Acquisition:    
Accounts receivable (2,294)  
Prepaid expenses and other assets 506 2,134
Accounts payable, accrued expenses, and other liabilities 2,548 (1,751)
Other 21 5
Net cash used in operating activities (24,495) (24,597)
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 (15) 19,518
Proceeds from employee stock purchases 49 59
Proceeds from exercise of common stock options and warrants 15 271
Payment on Acquisition Obligation (1,534)  
Payments on seller-financed purchases   (435)
Other (3)  
Net cash (used in) provided by financing activities (1,488) 19,413
Net decrease in cash and cash equivalents (20,501) (684)
Cash and cash equivalent, beginning of period 32,545 33,229
Cash and cash equivalents, end of period $ 12,044 32,545
Supplemental disclosure of cash flow information:    
Cash paid for interest   5
Supplemental disclosure of non-cash financing and investing activities:    
Offering costs in accrued expenses   3
Non-cash seller-financed purchases   $ 652