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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (99,266,000) $ (84,095,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 208,000 154,000
Accretion and amortization on investments, net (9,000) 1,137,000
Amortization of debt issuance costs/debt discount 1,103,000 627,000
Gain on sales of equity investment   (1,233,000)
Stock-based compensation for services by non-employees 140,000 71,000
Stock-based compensation for employees and directors 5,813,000 5,775,000
Amortization of right-of-use assets 431,000 403,000
Changes in assets and liabilities:    
Current and noncurrent assets (24,506,000) (3,363,000)
Current and noncurrent liabilities 23,888,000 7,136,000
Net cash used in operating activities (92,198,000) (73,388,000)
Cash flows from investing activities:    
Purchases of property and equipment (291,000) (104,000)
Purchases of marketable securities (97,336,000) (116,482,000)
Proceeds from maturities of marketable securities 140,706,000 178,574,000
Proceeds from sales of equity investment   1,594,000
Net cash provided by investing activities 43,079,000 63,582,000
Cash flows from financing activities:    
Proceeds from issuances of common stock from equity plans 1,962,000 204,000
Proceeds from issuance of common stock and warrants in public offering, net of paid issuance costs 69,916,000  
Proceeds from issuances of common stock from at market offerings, net of paid issuance costs   16,234,000
Proceeds from exercise of warrants 3,638,000 2,479,000
Proceeds from debt financing   10,000,000
Debt discount and issuance costs for debt financing (175,000)  
Net cash provided by financing activities 75,341,000 28,917,000
Net effect of unrealized losses and exchange rates on cash, cash equivalents and restricted cash 10,000  
Net change in cash, cash equivalents and restricted cash 26,232,000 19,111,000
Cash, cash equivalents and restricted cash at the beginning of the period 35,235,000 10,288,000
Cash, cash equivalents and restricted cash at the end of the period $ 61,467,000 $ 29,399,000