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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (71,450,000) $ (62,147,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 324,000 180,000
Stock-based compensation 8,252,000 8,349,000
Amortization of debt issuance costs 396,000 46,000
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (26,000) 372,000
(Increase) decrease in prepaid expenses and other current assets (470,000) 1,985,000
Decrease in other assets 329,000 459,000
Decrease in accounts payable and other liabilities (4,637,000) (13,433,000)
Net cash provided by (used in) operating activities (67,282,000) (64,189,000)
Cash and cash equivalents 18,834,000 92,118,000
Cash paid for interest 1,281,000 307,000
Initial recognition of right of use asset 5,206,000 1,704,000
Issuance of Stock and Warrants for Services or Claims 698  
Adjustments to Additional Paid in Capital, Warrant Issued 700,000 0
Stock Issued During Period, Value, Treasury Stock Reissued 6,321 0
Business Exit Costs 1,500 0
Cash flows from investing activities:    
Purchases of property and equipment (80,000) (1,198,000)
Purchases of investments (133,363,000) (28,880,000)
Maturities of investments 38,191,000 26,092,000
Net cash (used in) provided by investing activities (95,252,000) (3,986,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 94,268,000 36,705,000
Repurchase of common stock (864,000) (2,675,000)
Proceeds from debt borrowings, net of fees 23,899,000 0
Net cash used in financing activities 117,303,000 34,030,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (45,231,000) (34,145,000)
Cash and cash equivalents at beginning of period 64,065,000 126,263,000
Cash and cash equivalents at end of period 18,834,000 92,118,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,281,000 307,000
Initial recognition of right of use asset $ 5,206,000 $ 1,704,000