v3.22.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net loss $ (16,848) $ (6,505)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 775 774
Issuance of common shares - Founders Agreement 196 634
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (402) 475
Other receivables - related party (35) (48)
Accounts payable and accrued expenses (3,292) 13
Net cash used in operating activities (19,606) (4,657)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock - At-the-market offering 8,209 24,569
Offering costs for the issuance of common stock - At-the-market offering (164) (651)
Net settlement of shares withheld for payment of employee taxes (1,698)  
Net cash provided by financing activities 6,347 23,918
Net increase (decrease) in cash and cash equivalents (13,259) 19,261
Cash and cash equivalents at beginning of period 54,735 40,772
Cash and cash equivalents at end of period 41,476 60,033
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement $ 6,598 4,617
Issuance of common shares - Public offering (offering costs incurred but not paid)   $ 25

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