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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net loss $ (62,207) $ (37,304)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 295 307
Stock-based compensation 6,949 5,021
Non-cash interest expense 342 273
Accretion of discounts on investments, net 342 51
Amortization of right-of-use asset 677 624
Change in fair value of warrant liability   75
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 3,534 (4,155)
Accounts payable and accrued liabilities 3,650 (503)
Lease liability (742) (600)
Net cash used in operating activities (47,160) (36,211)
Investing activities:    
Purchases of property and equipment (8) (206)
Purchases of short-term investments (42,673) (79,874)
Sales and maturities of short-term investments 86,591 47,983
Net cash provided by (used in) investing activities 43,910 (32,097)
Financing activities:    
Proceeds from issuance of common stock from initial public offering, net of issuance costs   76,874
Proceeds from issuance of common stock from at-the-market offering program, net of issuance costs 21,661  
Proceeds from issuance of long-term debt, net of issuance costs 4,825  
Proceeds from exercise of common stock options 1,098 161
Proceeds from issuance of common stock from employee stock purchase plan 184  
Repurchase of unvested common stock (1) (2)
Net cash provided by financing activities 27,767 77,033
Net increase in cash and cash equivalents 24,517 8,725
Cash and cash equivalents at beginning of year 24,393 15,668
Cash and cash equivalents at end of year 48,910 24,393
Supplemental disclosure of cash flow information:    
Cash paid for interest 809 737
Supplemental non-cash investing and financing activities:    
Conversion of convertible preferred stock to common stock   122,465
Conversion of convertible preferred stock warrant to common stock warrant   259
Issuance of common stock warrant 374  
Vesting of common stock $ 23 $ 80