XML 46 R7.htm IDEA: XBRL DOCUMENT v3.20.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (18,293) $ (13,434)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 142 140
Stock-based compensation 1,940 1,456
Bonus paid in common stock, net   630
(Increase) decrease in:    
Receivables 2,548 1,009
Prepaid expenses and other current assets 2,585 (1,058)
Right of use asset 193 (1,589)
Deposits   (2)
Other noncurrent assets (556) 2,817
Increase (decrease) in:    
Accounts payable (510) 152
Accrued expenses 2,206 (1,929)
Deferred rent   17
Lease liabilities (161) 1,559
Net cash used in operating activities (9,906) (10,232)
Cash flows from investing activities:    
Purchases of property and equipment (513) (10)
Net cash used in investing activities (513) (10)
Cash flows from financing activities:    
Proceeds from exercise of stock options 4  
Issuance of common stock in connection with a public offering, net 88,661  
Issuance of common stock in connection with at the market offerings, net 13,015  
Net cash provided by financing activities 101,680  
Net increase (decrease) in cash and cash equivalents, and restricted cash 91,261 (10,242)
Cash and cash equivalents, and restricted cash, beginning of period 79,741 61,729
Cash and cash equivalents, and restricted cash, end of period 171,002 51,487
Supplementary disclosure of cash flow information:    
Compensation paid in restricted stock, gross   $ 1,000
Property and equipment included in accrued expenses $ 2,303