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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (36,889) $ (28,054)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 390 296
Stock-based compensation 3,601 4,255
(Increase) decrease in:    
Receivables (742) 404
Prepaid expenses and other current assets 6,838 (144)
Right of use asset 389  
Deposits   (2)
Other noncurrent assets (634) 4,672
Increase (decrease) in:    
Accounts payable 176 234
Accrued expenses 3,320 36
Deferred rent   17
Lease liabilities (361) (33)
Net cash used in operating activities (23,912) (18,319)
Cash flows from investing activities:    
Purchases of property and equipment (4,000) (77)
Net cash used in investing activities (4,000) (77)
Cash flows from financing activities:    
Repurchase of common stock   (370)
Proceeds from exercise of stock options 16 600
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 101,692 230
Net increase (decrease) in cash and cash equivalents, and restricted cash 73,780 (18,166)
Cash and cash equivalents, and restricted cash, beginning of period 79,741 61,729
Cash and cash equivalents, and restricted cash, end of period 153,521 43,563
Supplementary disclosure of cash flow information:    
Compensation paid in restricted stock, gross   $ 1,000
Property and equipment included in accrued expenses $ 1,026