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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (65,952) $ (47,252)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on impairment of goodwill 29,517
Stock based compensation 6,688 10,362
Operating lease right-of-use asset 1,366 1,050
Depreciation 248 117
Amortization of premium on marketable debt securities 1,137 1,737
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 265 (418)
Other assets 222 295
Accounts payable 631 40
Accrued expenses 748 576
Operating lease liabilities (1,327) (1,009)
Net cash used in operating activities (26,457) (34,502)
Cash flows from investing activities:    
Purchase of marketable debt securities (43,550) (124,748)
Proceeds from maturity and redemption of marketable debt securities 58,620 27,150
Purchase of property and equipment (120) (596)
Net cash (used in)/provided by investing activities 14,950 (98,194)
Cash flows from financing activities:    
Repurchase of shares in connection with settlement of RSUs (90) (228)
Net cash (used in)/provided by financing activities (90) (228)
Net (decrease)/increase in cash and cash equivalents and restricted cash (11,597) (132,924)
Cash and cash equivalents and restricted cash - beginning of year 36,469 169,393
Cash and cash equivalents and restricted cash - end of period 24,872 36,469
Cash paid for:    
Interest  
Income Taxes