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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net loss $ (30,353) $ (17,434)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 154 140
Stock-based compensation 3,106 1,360
Non-cash interest expense 126 141
Amortization (accretion) of premiums/discounts on investments, net 263 (80)
Amortization of right-of-use asset 331 306
Change in fair value of warrant liability   120
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 1,006 (398)
Accounts payable and accrued liabilities 3,425 64
Lease liability (361) (275)
Net cash used in operating activities (22,303) (16,056)
Investing activities:    
Purchases of property and equipment (8) (165)
Purchases of short-term investments (34,681) (7,944)
Sales and maturities of short-term investments 48,541 25,890
Net cash provided by investing activities 13,852 17,781
Financing activities:    
Proceeds from exercise of common stock options 1,059 11
Repurchase of unvested common stock (1) (2)
Proceeds from issuance of common stock from employee stock purchase plan 147  
Payment of initial public offering costs   (272)
Net cash provided by (used in) financing activities 1,205 (263)
Net (decrease) increase in cash and cash equivalents (7,246) 1,462
Cash and cash equivalents at beginning of period 24,393 15,668
Cash and cash equivalents at end of period 17,147 17,130
Supplemental disclosure of cash flow information:    
Cash paid for interest 367 369
Supplemental non-cash investing and financing activities:    
Unpaid initial public offering costs   299
Vesting of common stock $ 15 $ 49