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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net (loss) income $ (55,512) $ 41,564  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 30 31  
Share-based compensation 958 407  
Change in fair value of contingent consideration 48,160 (53,700)  
Changes in operating assets and liabilities:      
Accounts receivable (net) (2,886) 0  
Prepaid expenses and other assets (6,159) 4,011  
Accounts payable (1,098) 166  
Accrued expenses and other liabilities (468) (1,317)  
Deferred revenue (ST and LT) (1,500) 0  
Net Cash Used in Operating Activities (18,475) (8,838) $ (30,800)
Cash Flows from Investing Activities:      
Net Cash Used in Investing Activities 0 0  
Cash Flows from Financing Activities:      
Proceeds from issuance of common stock under ATM Offering, net of issuance costs 72,543 3,179  
Proceeds from sales of common stock under 2014 ESPP 0 1  
Proceeds from exercises of stock options 39 0  
Proceeds from the exercise of common stock warrants 469 0  
Net Cash Provided by Financing Activities 73,051 3,180  
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 54,576 (5,658)  
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 55,409 48,141 48,141
Cash, Cash Equivalents and Restricted Cash - End of Period 109,985 42,483 $ 55,409
Supplemental disclosure of non-cash activities      
Cash paid for amounts included in the measurement of lease liabilities $ 43 $ 38