XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net loss $ (62,007) $ (113,012)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,351 5,368
Depreciation and amortization 770 8,830
Non-cash lease expense 4,304 2,771
Impairment of long-lived assets 2,766 3,593
Changes in operating assets and liabilities:    
Accounts receivable 259 (125)
Prepaid expenses and other current assets 1,879 604
Other long-term assets 0 741
Accounts payable (2,429) (1,194)
Accrued expenses and other liabilities (3,133) (7,712)
Net cash used in operating activities (53,240) (100,136)
Investing activities    
Purchase of property and equipment, net (486) (1,615)
Net cash used in investing activities (486) (1,615)
Financing activities    
Proceeds from stock option exercises 0 98
Proceeds from stock issuances pursuant to employee stock purchase plan 33 308
Net cash provided by financing activities 33 406
Net (decrease) increase in cash, cash equivalents and restricted cash (53,693) (101,345)
Cash, cash equivalents and restricted cash at beginning of year 131,967 233,312
Cash, cash equivalent and restricted cash at end of year 78,274 131,967
Supplemental disclosure of noncash activities    
Right-of-use assets obtained in exchange for operating lease liabilities 7,265 19,245
Remeasurement of operating lease right-of-use asset for lease modification $ (18,696) $ 0