Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net loss $ (22,370) $ (16,764)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,816 1,246
Depreciation and amortization expense 538 387
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 264 137
Accounts payable and accrued expenses 2,334 (566)
Other revenue deferred– current liability (907)
Long-term license revenue deferred 35,000
Operating lease liabilities (253) (254)
Net Cash Provided By/Used In Operating Activities 16,422 (15,814)
Cash Flows Used In Investing Activities:    
Purchase of property and equipment (350) (133)
Net Cash Used In Investing Activities (350) (133)
Cash Flows From Financing Activities:    
Payments on finance leases (48) (63)
Sales of shares of common stock, net of costs 18,264 34,477
Proceeds from exercise of stock options 6
Net Cash Provided By Financing Activities 18,216 34,420
Net change in cash, cash equivalents, and restricted cash 34,288 18,473
Cash, cash equivalents, and restricted cash at beginning of period 78,221 63,999
Cash, cash equivalents, and restricted cash at end of period 112,509 82,472
Supplemental disclosure of cash flow information:    
Cash paid for interest
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activity:    
Acquisition of equipment financed by security deposit $ 50