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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net loss $ (23,330) $ (26,615)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,749 2,637
Accretion of investment discounts and depreciation (70) 9
Amortization of debt discount and debt issuance costs 116 192
Changes in operating assets and liabilities:    
Prepaids and other assets (294) 1,063
Accounts payable (602) (304)
Accrued clinical expense 21 (267)
Accrued compensation 42 (497)
Other accrued liabilities 183 (622)
Net cash used in operating activities (22,185) (24,404)
Cash flows from investing activities    
Purchases of marketable securities (20,035)  
Sale and maturities of marketable securities 3,750 4,780
Net cash (used in) provided by investing activities (16,285) 4,780
Cash flows from financing activities    
Proceeds from notes payable, net of issuance cost 5,453  
Principal payments on notes payable (7,500)  
Proceeds from issuance of convertible preferred stock offering, net 12,533  
Proceeds from issuance of common stock, net 32,022  
Proceeds from issuance of common stock through controlled equity offering facilities, net 464 6,040
Proceeds from exercise of stock options and stock purchase rights 63 303
Net cash provided by financing activities 43,035 6,343
Net increase (decrease) in cash and cash equivalents 4,565 (13,281)
Cash, cash equivalents and restricted cash at beginning of period 13,696 26,977
Cash, cash equivalents and restricted cash at end of period 18,261 13,696
Supplemental disclosure of cash flow information    
Interest paid 695 790
Supplemental disclosure of non-cash investing and financing activities    
Conversion of preferred stock to common stock 21,762  
Right-of-use asset obtained in exchange for lease obligation $ 1,362  
Commitment shares issued as cost of equity financing   448
Legal expenses accrued as cost of equity financing, net of adjustments   $ 39