XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (18,371) $ (15,849) $ (60,579) $ (46,092)
Adjustments to reconcile net loss to net cash used in operating activities        
Depreciation and amortization 100 100 234 123
Non-cash gain on foreign currency remeasurement     3,842 31
Non-cash share-based compensation     9,810 5,857
Non-cash lease expenses     1,610 1,023
Changes in operating assets and liabilities        
Prepaid expenses and other current assets     (30,141) (6,798)
Deferred and prepaid tax assets     (1,813) (631)
Other assets     (306) (168)
Operating lease liabilities     (1,571) (1,023)
Accounts payable     20,018 36
Accrued expenses and other liabilities     (1,253) 2,266
Net cash used in operating activities     (60,149) (45,376)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property and equipment     (489) (241)
Net cash used in investing activities     (489) (241)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of ordinary shares, net of issuance costs     0 154,794
Proceeds from exercise of share options     401 1,047
Net cash provided by financing activities     401 155,841
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (39,879) (6,517)
Net (decrease)/increase in cash, cash equivalents and restricted cash     (100,116) 103,707
Cash, cash equivalents and restricted cash, beginning of the period     273,347 190,356
Cash, cash equivalents and restricted cash, end of the period 173,231 294,063 173,231 294,063
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:        
Right-of-use assets obtained in exchange for new operating lease liabilities     796 5,599
Proceeds from exercise of options were received and recorded in other current assets     0 21
Deferred issuance costs included in accrued expenses     0 234
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]        
Cash and cash equivalents 173,076 293,959 173,076 293,959
Short-term restricted cash 155 104 155 104
Total cash, cash equivalents and restricted cash $ 173,231 $ 294,063 $ 173,231 $ 294,063