XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (21,319) $ (4,486)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 326 313
Noncash lease expense 686  
Stock-based compensation expense 3,043 299
Net amortization of premiums and accretion discounts on investments 9 (31)
Change in fair value of redeemable convertible preferred stock warrant liability   (70)
Amortization of deferred debt issuance costs 184  
Impairment of in-process research and development 460  
Reduction to revenue 3,981  
Remeasurement of contingent consideration liability (380)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 36 (3,022)
Other non-current assets (377) (205)
Accounts payable 196 316
Contract liabilities — related party   (2,000)
Operating lease liabilities (438) (37)
Accrued and other current liabilities (1,553) 571
Net cash used in operating activities (15,146) (8,352)
Cash flows from investing activities    
Proceeds from sales of marketable debt securities 7,500  
Purchases of marketable debt securities   (5,700)
Proceeds from maturities of marketable debt securities 1,000 10,440
Purchases of property and equipment (658) (295)
Net cash provided by investing activities 7,842 4,445
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 143,754  
Proceeds from exercise of stock options 976 42
Deferred debt issuance costs 157  
Net cash provided by financing activities 144,887 42
Net change in cash, cash equivalents and restricted cash 137,583 (3,865)
Cash, cash equivalents and restricted cash, at the beginning of period 88,857 14,889
Cash, cash equivalents and restricted cash, at the end of period 226,440 11,024
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 221,667 6,742
Restricted cash 4,773 4,282
Cash, cash equivalents and restricted cash, at the end of period 226,440 11,024
Supplemental cash flow information    
Cash received from tax refund 158  
Supplemental disclosures of noncash investing and financing activities    
Purchases of property and equipment included in accounts payable 67 $ 71
Adjustment to goodwill $ 56