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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 $ (34,188) $ (6,579)
Adjustments to reconcile net loss to net cash used in operating activities:    
In-process research and development 18,088  
Noncash other income   (216)
Stock-based compensation 507 180
Noncash interest expense   1
Noncash compensation expense   10
Change in fair value of preferred stock warrants liability 1,268 (713)
Noncash lease expense 92  
Changes in operating assets and liabilities:    
Prepaid and other assets (44) (436)
Accounts payable (4,762) 2,242
Accrued liabilities (1,255) (4)
Change in operation lease liability (92)  
Deferred grant revenue 3,640 (1,902)
Net cash used in operating activities (16,746) (7,417)
Cash flows from investing activities    
Cash acquired in connection with the Merger 18,292  
Acquisition related costs paid (2,155)  
Net cash provided by investing activities 16,137  
Cash flows from financing activities    
Proceeds from exercise of stock options 14 1
Proceeds from exercise of common stock warrants 1  
Proceeds from the issuance of convertible preferred stock, net   17,873
Net cash provided by financing activities 15 17,874
Net (decrease) increase in cash and cash equivalents (594) 10,457
Cash and cash equivalents at beginning of period 20,645 10,188
Cash and cash equivalents at end of period 20,051 $ 20,645
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of convertible preferred stock into common stock 46,588  
Issuance of common stock to GTx stockholders 29,049  
Reclassification of preferred stock warrants liability to additional paid-in capital 1,942  
Net liabilities assumed in Merger $ 5,177