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Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (2,487) $ (8,074)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,638 1,373
Amortization of premium (accretion of discount) on marketable securities 865 (573)
Stock-based compensation 8,293 6,512
Abandonment of capitalized intangible assets 193 28
Equity received in connection with license agreement   (4,589)
Change in fair value of equity security (12,980) 2,336
Changes in operating assets and liabilities:    
Accounts receivable (1,082) 14,749
Interest receivable 311 215
Contract asset and deposits (62)  
Prepaid expenses and other current assets (3,438) 71
Accounts payable (1,291) 124
Accrued expenses (5,090) (1,703)
Lease liabilities and right-of-use (ROU) assets (42) (54)
Deferred revenue (14,794) (955)
Net cash (used in) provided by operating activities (29,966) 9,460
Cash flows from investing activities    
Purchase of marketable securities (84,139) (142,477)
Purchase of intangible assets (72) (538)
Purchase of property and equipment (1,951) (2,073)
Proceeds from maturities and sale of marketable securities 124,210 157,653
Net cash provided by investing activities 38,048 12,565
Cash flows from financing activities    
Proceeds from issuance of common stock upon exercise of stock awards 5,339 1,471
Net cash provided by financing activities 5,339 1,471
Net increase in cash and cash equivalents 13,421 23,496
Cash and cash equivalents, beginning of year 163,544 50,312
Cash and cash equivalents, end of year 176,965 73,808
Cash paid during the period for:    
Interest 4 6
Supplemental disclosures of non-cash investing activities    
Net unrealized gain (loss) on marketable securities available-for-sale $ 23 $ (105)