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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net loss $ (24,789) $ (3,248)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 2,385 756
Depreciation and amortization 263 375
Gain on sale of priority review voucher 0 (6,300)
Loss on sale or disposal of fixed assets 14 0
Amortization of ROU asset and change in operating lease liability (69) 0
In-process research and development charge 0 426
Benefit for deferred taxes 0 (4,848)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,334) (495)
Other receivables 148 224
Accounts payable and accrued expenses (438) (2,907)
Net cash used in operating activities (23,820) (16,017)
Cash Flows From Investing Activities    
Cash acquired in connection with merger 0 84,179
Installment from sale of priority review voucher 26,000 32,500
Purchase of equipment (17) (18)
Net cash provided by investing activities 25,983 116,661
Cash Flows From Financing Activities    
Exercise of stock options 64 0
Payment for tax withholding on vested awards (114) 0
Principal payments on notes payable 0 (27)
Sales of shares under stock purchase plan 6 6
Costs of common stock offering under Controlled Equity Offering (148) 0
Net cash used in financing activities (192) (21)
Net increase in cash and cash equivalents 1,971 100,623
Cash and cash equivalents at beginning of period 98,679 4,952
Cash and cash equivalents at end of period $ 100,650 $ 105,575