Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net loss $ (19,670) $ (8,547)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,242 869
Right-of-use asset amortization (48) 156
Stock-based compensation 2,525 2,520
Other non-cash transactions (14) 343
Changes in operating assets and liabilities 33,733 (20,250)
Net cash provided by (used in) operating activities 17,768 (24,909)
Investing activities:    
Purchases of property and equipment (257) (2,988)
Proceeds from maturity of investments 0 47,523
Purchases of investments 0 (38,525)
Net cash (used in)/provided by investing activities (257) 6,010
Financing activities:    
Proceeds from exercise of stock options 292 271
Proceeds from exercise of warrants 837 0
Proceeds from employee stock purchase plan 96 145
Proceeds from issuance of common stock from private placement, net of issuance costs 18,913 0
Proceeds from issuance of common stock resulting from ATM sales, net of $0.4M in transaction costs 12,172 0
Net cash provided by financing activities 32,310 416
Effect of exchange rate change on cash and cash equivalents (1,160) 525
Net increase (decrease) in cash and cash equivalents 48,661 (17,958)
Cash and cash equivalents at beginning of period 70,436 62,260
Cash and cash equivalents at end of period 119,097 44,302
Supplemental cash flow disclosures:    
Net unrealized gain on investments 0 31
Property and equipment included in accounts payable $ 0 $ 329