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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net loss $ (44,112) $ (45,525)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 6,789 8,548
Depreciation and amortization 1,193 916
Amortization of operating lease right-of-use assets 776 730
Amortization and accretion of premiums/discounts on available-for-sale securities (105) 0
Loss on disposal of property and equipment 108 0
Changes in operating assets and liabilities:    
Other current assets and other non-current assets (287) 36
Accounts payable and accrued liabilities 1,823 332
Operating lease liabilities (859) (427)
Net cash used in operating activities (34,674) (35,390)
Investing activities    
Purchases of property and equipment (1,006) (2,867)
Purchases of available-for-sale securities (81,595) 0
Proceeds from maturities of available-for-sale securities 15,000 0
Net cash used in investing activities (67,601) (2,867)
Financing activities    
Proceeds from exercise of stock options 134 408
Payment on finance lease obligations (54) (2)
Proceeds from the issuance of common stock under Employee Stock Purchase Plan 63 219
Net cash provided by financing activities 143 625
Net change in cash, cash equivalents, and restricted cash during the period (102,132) (37,632)
Cash, cash equivalents, and restricted cash, beginning of period 143,345 193,434
Cash, cash equivalents, and restricted cash, end of period 41,213 155,802
Supplemental disclosure of non-cash investing and financing activities:    
Operating lease liabilities arising from obtaining ROU asset 0 1,584
Purchases of property and equipment unpaid at period-end $ 28 $ 297