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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 $ (41,307) $ (43,241) $ (5,995)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 367 460 632
Accretion related to marketable securities (170) 239 154
Stock-based compensation 2,692 4,232 5,747
Gain from sale of property and equipment (22)    
Gain on deconsolidation of Angel Pharmaceuticals     (37,459)
Loss from equity method investment 10,005 4,831 234
Changes in operating assets and liabilities:      
Accounts receivable - related party (81) (507)  
Prepaid and other current assets 581 (277) 285
Operating lease right-of-use asset 973 (1,542) 679
Other assets 107 178 99
Accounts payable 411 (1,902) 1,019
Accrued and other liabilities 467 (523) 705
Operating lease liability (1,046) 1,337 (878)
Net cash used in operating activities (27,023) (36,715) (34,778)
Cash flows from investing activities      
Purchases of marketable securities (66,191) (9,357) (42,540)
Sales of marketable securities     1,009
Maturities of marketable securities 43,162 30,922 86,376
Purchases of property and equipment (269) (5) (76)
Proceeds from sale of property and equipment 22    
Net cash provided by (used in) investing activities (23,276) 21,560 44,769
Cash flows from financing activities      
Proceeds from issuance of common stock, net (includes $4,850 in aggregate gross proceeds from related parties for the year ended December 31, 2021)   31,989  
Proceeds from issuance of common stock in connection with at-the-market offering, net   28,954 1,222
Proceeds from exercise of common stock options   1,215 88
Net cash provided by financing activities   62,158 1,310
Net increase (decrease) in cash and cash equivalents (50,299) 47,003 11,301
Cash and cash equivalents at beginning of the period 63,458 16,455 5,154
Cash and cash equivalents at end of the period $ 13,159 63,458 $ 16,455
Supplemental disclosures of cash flow information      
Purchases of property and equipment incurred but not paid   $ 5