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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (32,767) $ (80,954)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 13 64
Share-based compensation 3,696 2,217
Change in fair value of contingent consideration (50,200) 61,760
Intangibles impairment charge 27,764 0
Changes in operating assets and liabilities:    
Accounts receivable (net) 20,939 (2,303)
Other receivables (10,565) 0
Prepaid expenses and other current assets 17,719 (20,287)
Long term prepaid expenses 7,192 0
Unrealized loss on marketable securities (281) 0
Other assets 81 0
Accounts payable (1,186) (1,875)
Accrued expenses and other liabilities 17,654 1,262
Deferred revenue (1,500) (1,500)
Net cash used in operating activities (1,441) (41,616)
Cash Flows from Investing Activities:    
Purchase of marketable securities (89,095) 0
Purchases of equipment 0 (49)
Net cash used in investing activities (89,095) (49)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock under ATM Offering, net of issuance costs 0 136,804
Proceeds from exercises of stock options 0 39
Proceeds from exercises of common stock warrants 0 469
Net cash provided by financing activities 0 137,312
Net increase (decrease) in cash, cash equivalents and restricted cash (90,536) 95,647
Cash, cash equivalents and restricted cash - beginning of period 162,656 55,409
Cash, cash equivalents and restricted cash - end of period 72,120 151,056
Supplemental cash flow disclosure:    
Cash paid for amounts included in the measurement of lease liabilities 86 87
Supplemental disclosure of non-cash investing activities:    
Purchase of equipment included in accrued expenses $ 0 $ 27