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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (55,195) $ (30,247)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non cash interest expense on liability related to royalty monetization 6,179 4,880
Depreciation and amortization 89 33
Change in fair value of financial instruments   (1)
Gain on sale of property, plant and equipment   (14)
Stock-based compensation expense 5,698 3,868
Foreign currency adjustments 8,317 4,802
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,861) (1,122)
Other assets (238) 379
Accounts payable (935) 2,292
Accrued expenses (2,397) (1,516)
Other current and long-term liabilities (176) (160)
Net cash used in operating activities (40,519) (16,806)
Cash flows from investing activities:    
Purchase of property, plant and equipment (523) (61)
Proceeds from sale of property, plant and equipment   14
Net cash used in investing activities (523) (47)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 20,774 94,139
Royalty monetization   44,525
Proceeds from exercise of options 1,478 507
Net cash provided by financing activities 22,252 139,171
Effect of exchange rate changes on cash and cash equivalents (2,429) (1,947)
Net (decrease) increase in cash and cash equivalents (21,219) 120,371
Cash and cash equivalents - beginning of period 163,885 53,231
Cash and cash equivalents - end of period 142,666 $ 173,602
Supplemental disclosures of cash and non-cash activities:    
Purchase of property, plant and equipment in accounts payable 17  
Right of use assets obtained in exchange for operating lease obligation $ 4,665