Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.22.2.2
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (41,602) $ (26,914)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,285 2,319
Issuance of common shares - Founders Agreement 239 926
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (118) 1,067
Other receivables - related party (31) (9)
Accounts payable and accrued expenses (3,075) 5,697
Accounts payable and accrued expenses - related party 48 86
Net cash used in operating activities (42,254) (16,828)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock - At-the-market offering 9,939 37,187
Offering costs for the issuance of common stock - At-the-market offering (244) (928)
Net settlement of shares withheld for payment of employee taxes (1,698)  
Net cash provided by financing activities 7,997 36,259
Net (decrease) increase in cash and cash equivalents (34,257) 19,431
Cash and cash equivalents at beginning of period 54,735 40,772
Cash and cash equivalents at end of period 20,478 60,203
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement $ 6,598 $ 4,617