XML 66 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 39,067 $ (79,732)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,167 3,787
Depreciation and amortization expense 256 253
Gain on sale of non-financial asset (Note 17) (105,000) 0
Non-cash lease expense 778 775
Accretion of debt discount 461 438
Change in fair value of warrant liability (6,460) 24,421
Other (281) (41)
Changes in operating assets and liabilities:    
Inventory, Net (831) 0
Prepaid expenses, other current assets and research and development incentive receivable 1,398 479
Accounts payable (944) (2,815)
Accrued expenses and other long-term liabilities 4,001 5,024
Lease liabilities (486) (526)
Net cash used in operating activities (63,874) (47,937)
Cash flows from investing activities:    
Acquisition of intangible asset (7,000) 0
Proceeds from sale of non-financial asset 105,000 0
Purchase of marketable securities (13,267) (4,876)
Sales and maturities of marketable securities 7,000 0
Acquisition of property and equipment (193) (17)
Net cash provided by (used in) investing activities 91,540 (4,893)
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock 159 8,613
Fees paid to amendment loan agreement and issuance costs related to the sale of warrants 0 (381)
Repayments of borrowings and accrued end-of-term fees under loan and security agreement 0 (1,300)
Proceeds from borrowings under loan and security agreement 20,000 0
Proceeds from sale of common stock, warrants and pre-funded warrants, net of issuance costs 0 60,282
Net cash provided by financing activities 20,159 67,214
Effect of exchange rate changes on cash, cash equivalents and restricted cash (77) 44
Net increase in cash, cash equivalents and restricted cash 47,748 14,428
Cash, cash equivalents and restricted cash at beginning of period 100,248 123,028
Cash, cash equivalents and restricted cash at end of period 147,996 137,456
Supplemental Cash Flow Information [Abstract]    
Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction 0 283
Acquisition of intangible assets included in accrued expenses and other liabilities $ 3,500 $ 0