XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash flows used in operating activities:        
Net loss used in the calculation of basic and diluted loss per share $ (10,349) $ (10,471) $ (30,700) $ (29,582)
Adjustments to reconcile net loss to net cash used in operating activities:        
Amortization of operating lease asset     280 280
Accretion on Investment Discounts     (579)  
Stock-based compensation 1,734 2,185 4,835 6,679
Changes in operating assets and liabilities:        
Prepaid expenses and other assets     (356) 2,082
Accounts payable, accrued expenses and other liabilities     (3,609) 1,871
Operating lease liabilities     (267) (274)
Net cash used in operating activities     (30,396) (18,944)
Cash flows from investing activities:        
Purchase of available-for-sale short-term investments     (60,363)  
Proceeds from maturities of available-for-sale short-term investments     5,000  
Net cash used in investing activities     (55,363)  
Cash flows from financing activities:        
Proceeds from issuances of common stock and pre-funded warrants, net     33,017  
Net cash used in financing activities     33,017  
Net change in cash and cash equivalents     (52,742) (18,944)
Cash and cash equivalents at beginning of period     56,409 84,833
Cash and cash equivalents at end of period $ 3,667 $ 65,889 3,667 65,889
Noncash activities:        
Common stock exchanged for X and X1 non-voting convertible preferred stock     $ 1 1
Increase in operating lease asset and liability due to lease modification       $ 344