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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (47,678) $ (28,385)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2 329
Non-cash lease cost 775 720
Impairment of assets 0 5,306
Share-based compensation 6,290 5,935
Changes in operating assets and liabilities:    
Collaboration receivable, current and non-current - related party 45,156 0
Other receivables (1,151) (1,905)
Prepaid expenses and other current assets 2,123 (2,029)
Other assets 282 0
Accounts payable 4,712 486
Accrued expenses and other current liabilities 8,771 (2,410)
Deferred revenue, current and non-current (319) (709)
Deferred revenue - related party, current and non-current (17,721) 5,800
Other long-term liabilities (74) (35)
Operating lease liability (921) (816)
Income taxes (290) 2,211
Net cash used in operating activities (43) (15,502)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 0 220
Net cash provided by financing activities 0 220
Net decrease in cash and cash equivalents: (43) (15,282)
Cash, cash equivalents and restricted cash at beginning of period 76,333 109,107
Cash, cash equivalents and restricted cash at end of period $ 76,290 $ 93,825