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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows used in operating activities:    
Net loss $ (10,755) $ (13,465)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,879 2,740
Operating lease right-of-use asset 341 55
Depreciation 56 32
Amortization of premium on marketable debt securities 410 283
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,186) (1,971)
Other assets 78 65
Accounts payable (413) 938
Accrued expenses (1,039) (545)
Operating lease liabilities (332) (52)
Net cash used in operating activities (10,961) (11,920)
Cash flows from investing activities:    
Purchase of marketable debt securities (12,415) (97,959)
Proceeds from maturity and redemption of marketable debt securities 13,171
Purchase of property and equipment (11) (290)
Net cash provided by/(used in) investing activities 745 (98,249)
Cash flows from financing activities:    
Repurchase of shares in connection with settlement of RSUs (72) (228)
Net cash used in financing activities (72) (228)
Net decrease in cash and cash equivalents and restricted cash (10,288) (110,397)
Cash and cash equivalents and restricted cash - beginning of year 36,469 169,393
Cash and cash equivalents and restricted cash - end of period 26,181 58,996
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:    
Cash and cash equivalents 25,436 58,201
Restricted cash   50
Restricted cash, non-current 745 745
Cash and cash equivalents and restricted cash $ 26,181 $ 58,996