Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (32,401) $ (24,030)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,203 3,067
Amortization of premium on investments 62 81
Depreciation 499 244
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 3,280 1,871
Other assets (25) (138)
Accounts payable 409 59
Accrued and other current liabilities 379 1,249
Net cash used in operating activities (23,594) (17,597)
Cash flows from investing activities:    
Purchases of property and equipment (1,015) (408)
Purchases of investments   (11,097)
Proceeds from maturities of investments 6,165 1,633
Net cash provided by (used in) investing activities 5,150 (9,872)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 34,710 (191)
Proceeds from issuance of common stock in connection with the exercise of stock options 519 135
Proceeds from the issuance of common stock under employee stock purchase plan 46  
Net cash provided by (used in) financing activities 35,275 (56)
Net increase (decrease) in cash and cash equivalents 16,831 (27,525)
Cash and cash equivalents—beginning of period 101,429 136,204
Cash and cash equivalents—end of period 118,260 108,679
Supplemental disclosures of non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable $ 76 $ 227