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Consolidated Statements of Cash Flows (Q1) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:        
Net loss $ (4,226) $ (8,063) $ (27,466) $ (8,141)
Adjustments to reconcile net loss to net cash used in operating activities:        
Share-based compensation 760 597 2,005 1,265
Depreciation and amortization 7 16 55 63
Accretion on marketable securities 515 323 2,514 307
Changes in operating assets and liabilities:        
Prepaid and other current assets (969) (1,763) (453) 56
Other assets 57 81 (150) 466
Accounts payable, accrued liabilities and other liabilities (1,786) 834 1,250 (2,839)
Net cash used in operating activities (5,642) (7,975) (22,245) (8,823)
Cash flows from investing activities:        
Purchase of marketable securities (26,546) (75,911) (179,775) (34,799)
Sale of marketable securities 20,456 10,821 124,939 27,542
Net cash used in investing activities (6,090) (65,090) (54,896) (7,277)
Cash flows from financing activities:        
Proceeds from exercise of options 0 24 24 0
Tax withholding payments on net share settlement equity awards (168) (184) (248) (148)
Net proceeds from issuance of common stock 0 85,457 85,500 18,728
Net cash (used in) provided by financing activities (168) 85,297 85,276 18,580
Net (decrease) increase in cash and cash equivalents (11,900) 12,232 8,135 2,480
Cash and cash equivalents at beginning of period 24,647 16,512 16,512 14,032
Cash and cash equivalents at end of period $ 12,747 $ 28,744 $ 24,647 $ 16,512