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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (21,833) $ (26,366)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 5,971 5,674
Depreciation 36 50
Amortization of operating lease right-of-use asset 246 231
Amortization of debt discount 301 234
Amortization, net, of premiums and discounts on investments 9 (109)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (449) 339
Accounts payable (1,101) 1,726
Accrued expenses (1,170) (281)
Operating lease liabilities (245) (231)
Taxes payable (5) (79)
Net cash used in operating activities (18,240) (18,812)
Cash flows from investing activities:    
Purchases of marketable securities   (33,590)
Proceeds from maturities of marketable securities 27,000 6,750
Purchase of property and equipment   (16)
Cash received (paid) for long-term deposits 42 (9)
Net cash provided by (used in) investing activities 27,042 (26,865)
Cash flows from financing activities:    
Proceeds from underwritten public offering, net of issuance costs   455
Proceeds from debt financing obligation 797 15,000
Payment of debt issuance costs   (276)
Repayment of term loan principal (2,083)  
Proceeds from exercises of stock options 64 116
Payment for settlement of taxes upon vesting of restricted stock units (119) (1,120)
Proceeds from advances from collaboration partners 402  
Net cash (used in) provided by financing activities (939) 46,397
Increase in cash, cash equivalents and restricted cash 7,863 720
Cash, cash equivalents and restricted cash at the beginning of the period 22,536 48,651
Cash, cash equivalents and restricted cash at the end of the period 30,399 49,371
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets:    
Cash and cash equivalents 30,347 49,326
Restricted cash 52 45
Cash, cash equivalents and restricted cash at the end of the period 30,399 49,371
Supplemental disclosure of cash flow activities:    
Cash paid for interest 481 400
Cash paid for income taxes $ 5 79
Supplemental disclosure of non-cash financing activities:    
Non-cash acquisition of treasury stock   95
Non-cash issuance of common stock upon exercise of warrants   178
Fair value of warrants issued in connection with long-term debt   421
Deferred public offering costs in accounts payable and accrued expenses   172
Underwritten Public Offering    
Cash flows from financing activities:    
Proceeds from underwritten public offering, net of issuance costs   $ 32,222