XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (30,098) $ (27,824)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 57 48
Accretion and amortization on investments, net 196 416
Amortization of debt issuance costs/debt discounts 349 180
Gain on sales of equity investment   (1,233)
Stock-based compensation for services by non-employees 15 25
Stock-based compensation for employees and directors 1,692 1,794
Amortization of right-of-use assets 141 132
Changes in assets and liabilities:    
Current and noncurrent assets (7,293) (3,757)
Current and noncurrent liabilities 967 (2,515)
Net cash used in operating activities (33,974) (32,734)
Cash flows from investing activities:    
Purchases of property and equipment (50) (10)
Purchases of marketable securities (18,104) (25,122)
Proceeds from maturities of marketable securities 48,581 61,621
Proceeds from sales of equity investment   1,594
Net cash provided by investing activities 30,427 38,083
Cash flows from financing activities:    
Proceeds from issuances of common stock from equity plans   17
Proceeds from issuances of common stock from at market offerings, net of paid issuance costs   16,234
Proceeds from exercise of warrants   12
Net cash provided by financing activities   16,263
Effect of exchange rates on cash, cash equivalents and restricted cash 1  
Net change in cash, cash equivalents and restricted cash (3,547) 21,612
Cash, cash equivalents and restricted cash at the beginning of the period 35,235 10,288
Cash, cash equivalents and restricted cash at the end of the period $ 31,689 $ 31,900