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, 2023
Sep. 30, 2022
Cash Flows From Operating Activities:    
Net loss $ (39,494) $ (22,370)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,915 1,816
Depreciation & amortization expenses 591 538
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (982) 264
Accounts payable and accrued expenses (1,981) 2,334
Other revenue deferred – current liability (907)
Long-term license revenue deferred 35,000
Operating lease right-of-use assets (527)
Operating lease liabilities (367) (253)
Net Cash Used In/Provided By Operating Activities (39,845) 16,422
Cash Flows Used In Investing Activities:    
Purchase of property and equipment (153) (350)
Net Cash Used In Investing Activities (153) (350)
Cash Flows Provided By Financing Activities:    
Payments on finance leases (3) (48)
Sales of shares of common stock, net of costs 13,419 18,264
Proceeds from the exercise of stock options 262
Net Cash Provided By Financing Activities 13,678 18,216
Net change in cash, cash equivalents, and restricted cash (26,320) 34,288
Cash, cash equivalents, and restricted cash at beginning of period 109,608 78,221
Cash, cash equivalents, and restricted cash at end of period 83,288 112,509
Supplemental disclosure of cash flow information:    
Cash paid for interest
Cash paid for income taxes