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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net loss $ (19,884) $ (336) $ (22,397)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 13 85 122
Share-based compensation 6,909 5,143 1,757
Change in fair value of contingent consideration (52,000) (56,840) (11,180)
Intangibles impairment charge 27,764 31,700 0
Net amortization of discounts and premiums on marketable securities (913) 0 0
Changes in operating assets and liabilities:      
Accounts receivable (net) 21,010 (24,493) 0
Other receivables 2,658 0 0
Prepaid expenses and other assets 18,076 (17,964) (1,304)
Long term prepaid expenses 7,192 0 0
Other assets 123 0 0
Accounts payable (1,620) (249) 1,200
Accrued expenses and other liabilities 17,067 (4,424) (2,035)
Deferred revenue (1,500) (1,500) 3,000
Net cash provided by (used in) operating activities 24,895 (68,878) (30,837)
Cash Flows from Investing Activities:      
Purchase of marketable securities (128,999) 0 0
Proceeds from maturity of marketable securities 75,000 0 0
Disposal of equipment 30    
Purchases of equipment   (4) (8)
Net cash used in investing activities (53,969) (4) (8)
Cash Flows from Financing Activities:      
Proceeds from issuance of common stock under ATM Offering, net of issuance costs 0 174,962 37,958
Proceeds from exercises of stock options 1 42 13
Proceeds from exercises of common stock warrants 0 1,126 131
Proceeds from sale of common stock pursuant to ESPP 0 0 11
Net cash provided by financing activities 1 176,129 38,113
Net (decrease) increase in cash, cash equivalents and restricted cash (29,073) 107,247 7,268
Cash, cash equivalents and restricted cash - beginning of period 162,656 55,409 48,141
Cash, cash equivalents and restricted cash - end of period 133,583 162,656 55,409
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 112,553 162,636 52,389
Short term restricted cash 21,000 0 3,000
Long term restricted cash 30 20 20
Total cash, cash equivalents and restricted cash 133,583 162,656 55,409
Supplemental cash flow disclosure:      
Cash paid for amounts included in the measurement of lease liabilities 127 174 154
Supplemental disclosure of non-cash operating activities:      
Right-of-use assets obtained in exchange for lease obligations 0 0 290
Supplemental disclosure of non-cash financing activities:      
Deemed Dividend on adjustment of exercise price on certain warrants $ 0 $ 0 $ 147