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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net loss $ (31,110) $ (6,199)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on convertible notes 1,454 0
(Increase in) / reduction of lease liability (109) 2
Depreciation expense 157 81
Share-based compensation expense 8,168 261
Loss on disposal of property and equipment 205 0
Accretion of discount on investments (118) 0
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (651) (436)
Accounts payable and accrued expenses 1,263 (32)
Accrued research and development costs (598) 444
Net cash used in operating activities (21,339) (5,879)
Investing activities:    
Cash acquired in connection with the Reverse Merger 76,348 0
Purchases of investments (118,819) 0
Proceeds from maturities of investments 21,232 0
Proceeds from sale of property and equipment 20 0
Purchases of property and equipment (117) (729)
Net cash used in investing activities (21,336) (729)
Financing activities:    
Proceeds from issuance of common stock, net of issuance costs 78,518 0
Proceeds from issuance of convertible preferred stock, net 0 25,445
Net cash provided by financing activities 78,518 25,445
Net change in cash, cash equivalents and restricted cash 35,843 18,837
Cash, cash equivalents and restricted cash at beginning of period 18,349 9,460
Cash, cash equivalents and restricted cash at end of period 54,192 28,297
Supplemental disclosure of non-cash financing activities:    
Conversion of convertible preferred stock into common stock 41,466 0
Supplemental Cash Flow Information:    
Cash paid for interest 1,495 0
Cash paid for income taxes $ 0 $ 0