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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 12,157 $ (105,890)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on asset sale (83,736) 0
Stock-based compensation expense 6,891 11,522
Depreciation and amortization expense 617 1,440
Non-cash asset impairment charges 1,877 0
Loss on disposal of property and equipment 0 59
Non-cash interest expense 1,074 331
Non-cash income tax expense 377 0
(Gain)/loss on impairment of leasehold improvements 0 86
(Gain)/loss on extinguishment of operating lease (72) (81)
Non-cash lease expense 1,912 2,726
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 5,154 2,466
Other assets 40 34
Accounts payable (357) (3,102)
Current and non-current operating lease liabilities (2,464) (2,893)
Accrued expenses and other current liabilities (6,660) (3,906)
Net cash used in operating activities (63,190) (97,208)
Cash flows from investing activities:    
Proceeds from asset sale, net 83,736 0
Proceeds from the sale of property, plant, and equipment 1,348 0
Purchases of property and equipment (8) (267)
Net cash provided by (used in) investing activities 85,076 (267)
Cash flows from financing activities:    
Repayment of note payable, including end of term charge (16,350) 0
Exercise of stock options 235 58
Proceeds from issuance of common stock under 2018 employee stock purchase plan 86 204
Net cash (used in) provided by financing activities (16,029) 262
Net increase (decrease) in cash, cash equivalents and restricted cash 5,857 (97,213)
Cash, cash equivalents and restricted cash at beginning of period 92,846 190,059
Cash, cash equivalents and restricted cash, end of period 98,703 92,846
Supplemental Cash:    
Interest paid 831 1,425
Supplemental disclosure of non-cash investing and financing activities:    
Right of use asset obtained in exchange for operating lease liabilities 2,392 4,319
Reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets:    
Cash and cash equivalents, end of period 98,020 92,563
Restricted cash 683 283
Cash, cash equivalents and restricted cash, end of period $ 98,703 $ 92,846