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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Cash flows from operating activities    
Net loss $ (21,241) $ (13,241)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 261 248
Stock-based compensation expense 2,436 2,236
Realized gain from sale of marketable securities (116) (129)
Non-cash operating lease expense 17 2
Amortization of premium on marketable securities 137 79
Foreign currency exchange (gain) loss (168) (81)
Changes in operating assets and liabilities:    
Research and development tax credit receivable 2,322 (577)
Prepaid expenses and other current assets 3,031 785
Accounts payable 446 (558)
Accrued expenses 1,335 (564)
Deferred revenue   (7,289)
Net cash used in operating activities (11,540) (19,089)
Cash flows from investing activities    
Purchases of marketable securities (19,342) (42,561)
Sales and maturities of marketable securities 31,261 39,729
Acquisition of property and equipment (35) (212)
Net cash provided by (used in) investing activities 11,884 (3,044)
Cash flows from financing activities    
Issuance of common stock, net of offering expenses   11,422
Issuance of common stock from equity incentive plans 106 170
Finance lease principal payments   (54)
Net cash provided by financing activities 106 11,538
Effect of exchange rate changes on cash and cash equivalents (65) 308
Net increase (decrease) in cash and cash equivalents 385 (10,287)
Cash and cash equivalents at beginning of period 15,789 32,006
Cash and cash equivalents at end of period $ 16,174 $ 21,719