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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (57,204) $ (102,050)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 708 453
Stock-based compensation 5,393 5,741
Non-cash inducement warrant expense   60,751
(Increase) decrease in:    
Receivables (2,098) (1,577)
Prepaid expenses and other current assets 8,249 (3,047)
Right of use asset (98)  
Deposits   (2)
Other noncurrent assets (636) 9,432
Increase (decrease) in:    
Accounts payable 1,713 219
Accrued expenses 3,828 810
Deferred rent   17
Lease liabilities 168 7
Net cash used in operating activities (39,977) (29,246)
Cash flows from investing activities:    
Purchases of property and equipment (6,012) (184)
Net cash used in investing activities (6,012) (184)
Cash flows from financing activities:    
Repurchase of common stock   (370)
Proceeds from exercise of stock options 43 1,020
Issuance of common stock in connection with a public offering, net 88,661 2,971
Issuance of common stock in connection with at the market offerings, net 13,015 52,499
Net cash provided by financing activities 101,719 56,120
Net increase in cash and cash equivalents, and restricted cash 55,730 26,690
Cash and cash equivalents, and restricted cash, beginning of period 79,741 61,729
Cash and cash equivalents, and restricted cash, end of period 135,471 88,419
Supplementary disclosure of cash flow information:    
Compensation paid in restricted stock, gross   $ 1,000
Accounts included in accounts payable and accrued expenses related to property and equipment $ 1,163