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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (24,254) $ (18,701)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 313 309
Stock-based compensation 3,632 4,643
Accrued interest 0 1
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (2,278) (1,307)
Accounts payable and accrued expenses (2,433) 117
Right-of-use assets and lease liabilities, net (116) (56)
Net cash used in operating activities (25,136) (14,994)
Cash flows from investing activities    
Purchases of property and equipment (10) (501)
Net cash used in investing activities (10) (501)
Cash flows from financing activities    
Payment of initial public offering costs 0 (1,911)
Payments for taxes related to net settlement of equity awards1 (405) 0
Net cash used in financing activities (405) (1,911)
Net decrease in cash and cash equivalents (25,551) (17,406)
Cash and cash equivalents, beginning of period 244,979 238,605
Cash and cash equivalents, end of period 219,428 221,199
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment additions included in accounts payable and accrued expenses 23 74
Tax related to net settlement of equity awards included in accounts payable and accrued expenses $ 32 $ 0