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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Cash Flows from Operating Activities:        
Net loss   $ (336) $ (22,397) $ (107,500)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation   85 122 219
Share-based compensation   5,143 1,757 1,237
Change in fair value of contingent consideration $ (4,600) (56,840) (11,180) 71,620
Intangibles impairment charge   31,700 0 0
Changes in operating assets and liabilities:        
Accounts receivable (net)   (24,493) 0 0
Prepaid expenses and other current assets   (17,964) (1,304) (5,188)
Accounts payable   (249) 1,200 535
Accrued expenses and other liabilities   (4,424) (2,035) 1,556
Deferred revenue   (1,500) 3,000 0
Net cash provided by (used in) operating activities   (68,878) (30,837) (37,521)
Cash Flows from Investing Activities:        
Purchases of equipment   (4) (8) (136)
Net cash used in investing activities   (4) (8) (136)
Cash Flows from Financing Activities:        
Proceeds from issuance of common stock and common stock warrants, net of issuance costs   0 0 27,833
Proceeds from exercises of common stock warrants   1,126 131 5,481
Proceeds from issuance of common stock under ATM Offering, net of issuance costs   174,962 37,958 1,936
Proceeds from exercises of stock options   42 13 98
Proceeds from sale of common stock pursuant to ESPP   0 11 8
Net cash provided by financing activities   176,129 38,113 35,356
Net (decrease) increase in cash, cash equivalents and restricted cash   107,247 7,268 (2,301)
Cash, cash equivalents and restricted cash - beginning of period 175,256 55,409 48,141 50,442
Cash, cash equivalents and restricted cash - end of period 162,656 162,656 55,409 48,141
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 162,636 162,636 52,389 48,121
Short term restricted cash 0 0 3,000 0
Long term restricted cash 20 20 20 20
Total cash, cash equivalents and restricted cash $ 162,656 162,656 55,409 48,141
Supplemental cash flow disclosure:        
Cash paid for amounts included in the measurement of lease liabilities   174 154 153
Supplemental disclosure of non-cash operating activities:        
Right-of-use assets related to the adoption of ASC 842   0 0 236
Right-of-use assets obtained in exchange for lease obligations   0 290 0
Supplemental disclosure of non-cash financing activities:        
Deemed Dividend on adjustment of exercise price on certain warrants   $ 0 $ 147 $ 0