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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (10,852) $ (13,745)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,128 867
Depreciation and amortization 14 33
Accretion on marketable securities 900 1,133
Changes in operating assets and liabilities:    
Prepaid and other current assets (744) (1,232)
Other assets 118 166
Accounts payable, accrued liabilities and other liabilities (1,268) 176
Net cash used in operating activities (10,704) (12,602)
Cash flows from investing activities:    
Purchase of marketable securities (30,291) (105,792)
Sale of marketable securities 60,070 29,558
Purchase of property and equipment (235) (60)
Investment in Cend Therapeutics (10,000) 0
Net cash provided by (used in) investing activities 19,544 (76,294)
Cash flows from financing activities:    
Proceeds from exercise of options 0 24
Tax withholding payments on net share settlement equity awards (168) (184)
Net proceeds from issuance of common stock 29 85,479
Net cash (used in) provided by financing activities (139) 85,319
Net increase (decrease) in cash and cash equivalents 8,701 (3,577)
Cash and cash equivalents at beginning of period 24,647 16,512
Cash and cash equivalents at end of period $ 33,348 $ 12,935