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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 $ (69,570) $ (32,167)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 2,769 1,851
Stock-based compensation expense 15,319 3,272
Loss on disposal of fixed assets 0 33
Non-cash interest expense 1,492 0
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (1,145) (1,911)
Other non-current assets 65 (934)
Lease liability (285) 685
Accounts payable 712 783
Accrued expenses and other current liabilities 2,705 2,305
Net cash used in operating activities (47,938) (26,083)
Investing Activities    
Purchases of property and equipment (68,336) (14,843)
Purchases of investments (190,462) (3,205)
Proceeds from maturities of investments 32,028 6,867
Net cash used in investing activities (226,770) (11,181)
Financing Activities    
Proceeds from issuance of common stock, net 355,645 118,019
Repayment of ASTRA build to suit liability (7,960) 0
Net cash provided by financing activities 347,685 118,019
Net increase in cash and cash equivalents 72,977 80,755
Cash and cash equivalents at beginning of year 268,269 187,514
Cash and cash equivalents at end of year 341,246 268,269
Supplemental Disclosures of Non-Cash Investing and Financing Activities    
Unpaid purchases of property and equipment 15,363 9,697
Initial recognition of right-of-use assets 4,396 911
Unpaid offering costs $ 0 $ 131