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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net loss $ (14,768) $ (8,112)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 79 68
Stock-based compensation 1,520 503
Non-cash interest expense 62 70
Amortization (accretion) of premiums/discounts on investments, net 170 (59)
Amortization of right-of-use asset 164 152
Change in fair value of warrant liability   106
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (410) (6)
Accounts payable and accrued liabilities 1,189 (1,190)
Lease liability (176) (134)
Net cash used in operating activities (12,170) (8,602)
Investing activities:    
Purchases of property and equipment   (73)
Purchases of short-term investments (12,784) (7,944)
Sale and maturities of short-term investments 19,395 13,690
Net cash provided by investing activities 6,611 5,673
Financing activities:    
Proceeds from exercise of common stock options 623 3
Repurchase of unvested common stock   (2)
Payment of initial public offering costs   (10)
Net cash provided by (used in) financing activities 623 (9)
Net decrease in cash and cash equivalents (4,936) (2,938)
Cash and cash equivalents at beginning of period 24,393 15,668
Cash and cash equivalents at end of period 19,457 12,730
Supplemental disclosure of cash flow information:    
Cash paid for interest 181 183
Supplemental non-cash investing and financing activities:    
Issuance costs in accounts payable and accrued liabilities   229
Change in unpaid property and equipment purchases   69
Vesting of common stock $ 8 $ 24