XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (33,407) $ (13,548)
Adjustments to reconcile net loss to net cash used in operating activities:    
Issuance of common stock under license agreement 1,971 0
Stock-based compensation 1,667 1,409
Gain on loan extinguishment (437) 0
Depreciation 15 9
Reduction of discount on marketable securities 0 25
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 748 112
Accounts payable 756 (1,119)
Accrued liabilities (2,663) (376)
Deferred revenue 0 (1,795)
Net cash used in operating activities (31,350) (15,283)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures, net (36) 0
Maturities of marketable securities 0 4,500
Net cash provided by (used in) investing activities (36) 4,500
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock and warrants, net of issuance costs 13,685 23,265
Proceeds from the exercise of warrants 8,969 23
Proceeds from the issuance of note payable 0 437
Net cash provided by financing activities 22,654 23,725
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (8,732) 12,942
CASH AND CASH EQUIVALENTS—BEGINNING 30,115 7,232
CASH AND CASH EQUIVALENTS—ENDING 21,383 20,174
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Forgiveness of Paycheck Protection Program loan $ 437 $ 0