XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (41,953) $ (64,218)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 9,253 15,425
Depreciation expense 1,879 2,094
Non-cash lease expense 1,901 1,763
Non-cash interest (income) expense (214) 421
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 3,973 3,193
Accounts payable (2,776) 459
Lease liabilities (1,615) (1,359)
Accrued expenses 2,194 (396)
Net cash used in operating activities (27,358) (42,618)
Cash flows from investing activities:    
Sale of property and equipment 63 18
Purchase of property and equipment (100) 0
Purchase of marketable securities (1,978) (46,914)
Redemption of marketable securities 33,543 53,469
Net cash provided by investing activities 31,528 6,573
Cash flows from financing activities:    
Proceeds from issuance of common stock, net 1 60
Proceeds from Employee Stock Purchase Plan 33 196
Repayment of Term Loan (14,167) 0
Net cash (used in) provided by financing activities (14,133) 256
Net decrease in cash, cash equivalents and restricted cash (9,963) (35,789)
Cash, cash equivalents, and restricted cash at beginning of period 53,653 81,334
Cash, cash equivalents, and restricted cash at end of period 43,690 45,545
Non-cash items:    
Reduction of right of use assets 25,740 0
Reduction of lease liabilities $ 25,470 $ 0