Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (5,101) $ (4,172)
Adjustments to reconcile net loss to net cash (used in) operating activities:    
Depreciation and amortization 845 625
Right-of-use asset (accretion) amortization (5) (25)
Stock-based compensation 1,178 1,199
Other non-cash transactions 91 (41)
Changes in operating assets and liabilities (19,651) (9,724)
Net cash (used in) operating activities (22,643) (12,138)
Investing activities:    
Purchases of property and equipment (389) (28)
Purchases of investments (16,559) 0
Net cash (used in) investing activities (16,948) (28)
Financing activities:    
Proceeds from exercise of stock options 85 20
Proceeds from issuance of common stock from private placement, net of issuance costs 0 9,673
Proceeds from issuance of common stock resulting from ATM sales, net of $0.3 million in transaction costs 6,473 0
Net cash provided by financing activities 6,558 9,693
Effect of exchange rate change on cash and cash equivalents (994) (1,128)
Net decrease in cash and cash equivalents (34,027) (3,601)
Cash and cash equivalents at beginning of period 117,764 70,436
Cash and cash equivalents at end of period 83,737 66,835
Supplemental cash flow disclosures:    
Net unrealized loss on investments (19) 0
Property and equipment included in accounts payable $ 298 $ 36