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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:              
Net (loss) income $ (25,442) $ (55,512) $ (26,344) $ 41,564 $ (80,954) $ 15,220  
Adjustments to reconcile net (loss) income to net cash used in operating activities:              
Depreciation         64 61  
Share-based compensation         2,217 898  
Change in fair value of contingent consideration 13,600   18,480   61,760 (35,220)  
Changes in operating assets and liabilities:              
Accounts receivable (net)         (2,303) 0  
Prepaid expenses and other assets         (20,287) 2,719  
Accounts payable         (1,875) (628)  
Accrued expenses and other liabilities         1,262 (1,376)  
Deferred revenue         (1,500) 0  
Net cash used in operating activities         (41,616) (18,326) $ (30,800)
Cash Flows from Investing Activities:              
Purchases of equipment         (49) (8)  
Net cash used in investing activities         (49) (8)  
Cash Flows from Financing Activities:              
Proceeds from issuance of common stock under ATM Offering, net of issuance costs         136,804 7,953  
Proceeds from exercises of stock options         39 0  
Proceeds from the exercise of common stock warrants         469 0  
Proceeds from sale of common stock pursuant to ESPP         0 1  
Net cash provided by financing activities         137,312 7,954  
Net Increase (decrease) in cash, cash equivalents and restricted cash         95,647 (10,380)  
Cash, cash equivalents and restricted cash - beginning of period   $ 55,409   $ 48,141 55,409 48,141 48,141
Cash, cash equivalents and restricted cash - end of period $ 151,056   $ 37,761   151,056 37,761 $ 55,409
Supplemental cash flow disclosure:              
Cash paid for amounts included in the measurement of lease liabilities         87 75  
Supplemental disclosure of non-cash investing activities:              
Purchase of equipment included in accrued expenses         27 0  
Supplemental disclosure of non-cash financing activities:              
Deemed Dividend on adjustment of exercise price on certain warrants         $ 0 $ 147