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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net loss $ (38,475) $ (34,567)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,484 4,601
Non-cash lease expense related to operating lease right-of-use assets 1,322 1,266
Stock-based compensation expense 761 1,873
Non-cash interest items, net 110 63
Amortization of net premiums and discounts on marketable debt securities 91 1
Loss on impairment of fixed assets 0 869
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 927 10,844
Operating lease right-of-use assets, net 0 (247)
Other assets 167 13
Accounts payable 1,175 (65)
Accrued expenses and other liabilities 1,471 (12,465)
Due to related parties 386 (682)
Operating lease liabilities (1,536) (1,409)
Net cash used in operating activities (29,117) (29,905)
Investing activities:    
Purchases of property, plant and equipment (540) (3,089)
Purchase of Viracta common stock 0 (3)
Purchases of marketable debt securities, available-for-sale (14,790) (66,789)
Sales/maturities of marketable debt securities 44,420 61,800
Net cash provided by (used in) investing activities 29,090 (8,081)
Financing activities:    
Proceeds from equity offering, net of issuance costs paid 86,816 0
Proceeds from exercises of stock options 564 4,070
Proceeds from exercises of warrants 0 35,151
Repurchase of common stock 0 (501)
Net share settlement for restricted stock unit vesting and option exercises (163) (26)
Net cash provided by financing activities 87,217 38,694
Net increase in cash, cash equivalents, and restricted cash 87,190 708
Cash, cash equivalents, and restricted cash, beginning of period 15,687 17,000
Cash, cash equivalents, and restricted cash, end of period 102,877 17,708
Reconciliation of cash, cash equivalents, and restricted cash at end of period:    
Cash and cash equivalents 102,698 17,279
Restricted cash 179 429
Cash, cash equivalents, and restricted cash, end of period 102,877 17,708
Supplemental disclosure of cash flow information:    
Interest 10 3
Income taxes 4 3
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable, accrued expenses, due to related parties and other liabilities 2,131 1,308
Unpaid offering costs included in accounts payable and accrued expenses 534 0
Conversion of Viracta convertible notes and accrued interest into investment in equity securities of Viracta (Note 4) 0 751
Unrealized gains on marketable debt securities 5 240
Cashless exercise of stock options $ 0 $ 29