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Condensed Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (34,235) $ (23,844)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 314 108
Stock-based compensation expense 6,238 3,701
Amortization of premiums and discounts on marketable securities, net 164 40
Gain on disposal of property and equipment 0 (16)
Changes in operating assets and liabilities:    
Prepaid and other assets (2,080) (491)
Accounts payable and accrued liabilities 4,957 2,390
Accrued compensation (4,699) (407)
Operating lease right-of-use assets and liabilities, net 689 150
Deferred revenue (922) (1,312)
Net cash used in operating activities (29,574) (19,681)
Cash flows from investing activities    
Purchases of marketable securities (174,717) 0
Purchases of property and equipment (758) (525)
Net cash used in investing activities (175,475) (525)
Cash flows from financing activities    
Proceeds from issuance of common stock in public offerings, gross 24,848 0
Payment of issuance costs related to public offerings (745) 0
Proceeds from exercise of stock options 10 17
Net cash provided by financing activities 24,113 17
Net decrease in cash, cash equivalents and restricted cash (180,936) (20,189)
Cash, cash equivalents and restricted cash at beginning of period 320,699 321,713
Cash, cash equivalents and restricted cash at end of period 139,763 301,524
Supplemental schedule of noncash investing and financing activities:    
Costs incurred, but not paid, in connection with purchases of property and equipment included in accounts payable and accrued liabilities 0 286
Receivables from stock option exercises included in prepaid and other assets $ 0 $ 7