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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (12,880) $ (14,768)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 68 79
Stock-based compensation 2,010 1,520
Non-cash interest expense 122 62
Amortization of premiums/discounts on investments, net 1 170
Amortization of right-of-use asset 179 164
Gain from lease termination and asset sale (508)  
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (1,034) (410)
Accounts payable and accrued liabilities (1,461) 1,189
Lease liability (196) (176)
Net cash used in operating activities (13,699) (12,170)
Investing activities:    
Purchases of short-term investments (12,676) (12,784)
Sales and maturities of short-term investments 10,500 19,395
Net cash (used in) provided by investing activities (2,176) 6,611
Financing activities:    
Proceeds from exercise of common stock options   623
Net cash provided by financing activities   623
Net decrease in cash and cash equivalents (15,875) (4,936)
Cash and cash equivalents at beginning of period 48,910 24,393
Cash and cash equivalents at end of period 33,035 19,457
Supplemental disclosure of cash flow information:    
Cash paid for interest 291 181
Receivable from asset sale 700  
Supplemental non-cash investing and financing activities:    
Vesting of common stock $ 3 $ 8