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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (24,597) $ (19,620)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 207 231
Amortization of premiums and discounts on marketable securities 14 0
Non-cash lease expense 272 366
Loss on disposal of property and equipment 0 1
Stock-based compensation expense 1,780 1,409
Non-cash interest expense 387 123
Warrant liabilities revaluation 16,747 846
Changes in operating assets and liabilities:    
Accounts receivable (1,118) 5,000
Prepaid expenses, deposits and other assets (1,512) (61)
Accounts payable 151 836
Deferred revenue (2,728) 0
Accrued expenses and other liabilities (1,736) (829)
Net cash (used in) operating activities (12,133) (11,698)
Cash flows from investing activities    
Purchases of marketable securities (22,420) 0
Purchases of property and equipment (25) (135)
Net cash (used in) investing activities (22,445) (135)
Cash flows from financing activities    
Repayments of principal on outstanding debt 0 (2,100)
Net proceeds from issuance of common stock 20,991 1,141
Issuance costs paid for December 2019 financing 0 (4,381)
Other financing fees 0 (147)
Proceeds from exercise of stock options 244 3
Proceeds from issuance of common stock under Employee Stock Purchase Plan 72 114
Net cash provided by (used in) financing activities 21,307 (5,370)
Effect of exchange rate changes on cash (7) (84)
Net change in cash, cash equivalents, and restricted cash (13,278) (17,287)
Cash, cash equivalents, and restricted cash at beginning of period 140,064 91,551
Cash, cash equivalents, and restricted cash at end of period 126,786 74,264
Supplement cash flow information    
Cash paid for interest 494 232
Noncash investing and financing activities    
Purchase of property and equipment not yet paid 10 10
Equity offering costs in accrued liabilities 48 42
Unrealized (losses) on marketable securities $ (1) $ 0