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
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (26,417) $ (20,653)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 63 6
Stock-based compensation 2,620 1,212
Changes in operating assets and liabilities:    
Prepaid expenses and other (2,166) 1,971
Accounts payable (3,113) (1,739)
Lease liabilities and ROU asset, net (1) (12)
Accrued expenses and other current liabilities (2,032) (1,843)
Net cash used in operating activities (31,046) (21,058)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (20,217) (505)
Net cash used in investing activities (20,217) (505)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the exercise of warrants 2
Proceeds from ESPP 40 28
Proceeds, net of expenses of $507 and $8,328, from sale of common stock and warrants 13,023 108,680
Net cash provided by financing activities 13,063 108,710
Effect of currency rate change on cash (25) (1)
Net (decrease) increase in cash, cash equivalents and restricted cash (38,225) 87,146
Cash, cash equivalents and restricted cash beginning of the period 178,900 77,308
Cash, cash equivalents and restricted cash end of period 140,675 164,454
Supplemental disclosures of cash flow information:    
Purchases of property and equipment included in accounts payable and accrued liabilities $ (1,124)