XML 14 R5.htm IDEA: XBRL DOCUMENT v3.22.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (19,142) $ (30,353)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 68 154
Stock-based compensation 3,282 3,106
Non-cash interest expense 313 126
Amortization (accretion) of premiums/discounts on investments, net (4) 263
Amortization of right-of-use asset 179 331
Gain from lease termination and asset sale (508)  
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (1,298) 1,006
Accounts payable and accrued liabilities (4,281) 3,425
Lease liability (196) (361)
Net cash used in operating activities (21,587) (22,303)
Investing activities:    
Purchases of property and equipment   (8)
Proceeds from asset sale 700  
Purchases of short-term investments (12,676) (34,681)
Sales and maturities of short-term investments 30,000 48,541
Net cash provided by investing activities 18,024 13,852
Financing activities:    
Proceeds from exercise of common stock options   1,059
Repurchase of unvested common stock   (1)
Proceeds from issuance of common stock from employee stock purchase plan 1 147
Net cash provided by financing activities 1 1,205
Net decrease in cash and cash equivalents (3,562) (7,246)
Cash and cash equivalents at beginning of period 48,910 24,393
Cash and cash equivalents at end of period 45,348 17,147
Supplemental disclosure of cash flow information:    
Cash paid for interest 601 367
Supplemental non-cash investing and financing activities:    
Vesting of common stock $ 3 $ 15