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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net loss $ (27,371) $ (24,528) $ (23,598) $ (11,813) $ (51,899) $ (35,411)  
Adjustments to reconcile net loss to net cash used in operations:              
Stock-based compensation         3,046 2,907  
Net amortization of premium on investments         1,396 2  
Depreciation         1,134 557  
Tangible Asset Impairment Charges 400       400 0  
Non-cash operating lease expense         141 0  
Changes in operating assets and liabilities:              
Prepaid expenses and other current assets         4,285 (890)  
Other assets         13 18  
Accounts payable         (4,522) (903)  
Accrued expenses and other current liabilities         3,539 3,974  
Non-current operating lease liabilities         (337) 0  
Deferred revenue         211 2,959  
Deferred rent         0 1,380  
Net cash used in operating activities         (42,593) (25,407)  
Cash flows from investing activities:              
Purchase of property and equipment         (10,171) (4,972)  
Net change in investments         (1,778) (42,312)  
Net cash used in investing activities         (11,949) (47,284)  
Cash flows from financing activities:              
Proceeds from the exercise of stock options and purchases pursuant to employee stock purchase plan         144 1,287  
Net cash provided by financing activities         144 1,287  
Net decrease in cash and cash equivalents         (54,398) (71,404)  
Cash and cash equivalents, beginning of period   $ 92,268   $ 157,898 92,268 157,898 $ 157,898
Cash and cash equivalents, end of period $ 37,870   $ 86,494   37,870 86,494 $ 92,268
Supplemental disclosures of non-cash financial activities:              
Operating lease liabilities recognized for operating right-of-use assets         5,447 0  
Operating right-of-use assets exchanged for operating lease liabilities         2,945 0  
Unpaid amounts related to purchases of property and equipment         $ 184 $ 156