v3.21.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (9,702) $ (7,485)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,310 873
Amortization of premium on investments 29  
Depreciation 116 76
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,145 1,230
Other assets (1) (4)
Accounts payable (329) 1,176
Accrued and other current liabilities (1,238) (797)
Net cash used in operating activities (8,670) (4,931)
Cash flows from investing activities:    
Purchases of property and equipment (97) (226)
Proceeds from maturities of investments 2,450  
Net cash provided by (used in) investing activities 2,353 (226)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 2,165 (44)
Net cash provided by (used in) financing activities 2,165 (44)
Net decrease in cash and cash equivalents (4,152) (5,201)
Cash and cash equivalents—beginning of period 101,429 136,204
Cash and cash equivalents—end of period 97,277 131,003
Supplemental disclosures of non-cash investing and financing activities:    
Issuance costs included in accounts payable   $ 147
Property and equipment purchases included in accounts payable $ 376  

Source