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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (77,187) $ (38,924) $ (36,957)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Stock-based compensation 8,353 6,919 4,241
Operating lease right-of-use asset amortization 1,792    
Depreciation and amortization 703 527 406
Amortization of issuance costs and accretion of final payment fee for long-term debt 29    
Gain (loss) on disposal of property and equipment 8   (62)
Net (accretion of discount) amortization of premium on available-for-sale securities (594) 206 687
Change in deferred tax asset (775) (658)  
Changes in operating assets and liabilities:      
Research and development tax incentive receivable, net 1,411 (236) 1,070
Receivable from collaboration partner - related party (2,168) (2,771) (1,816)
Prepaid expenses and other assets (2,820) 1,117 (333)
Accounts payable (3,000) 4,430 91
Payable to collaboration partner - related party 201 1,061  
Accrued expenses and other payables 1,098 1,911 4,793
Deferred revenue - related party 33,307 (23,529) 31,752
Operating lease liability (1,885)    
Net cash (used in) provided by operating activities (41,527) (49,947) 3,872
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of marketable securities (166,936) (71,060) (39,546)
Proceeds from maturities of marketable securities 114,193 73,759 56,035
Purchases of property and equipment, net (967) (486) (666)
Net cash (used in) provided by investing activities (53,710) 2,213 15,823
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from at-the-market offering, net of issuance costs 34,492 1,508  
Proceeds from issuance of long-term debt, net of issuance costs 9,765    
Proceeds from issuance of common stock upon exercise of stock options and purchases under employee stock purchase plan 1,779 934 1,007
Proceeds from issuance of common stock and warrants in private placement, net of issuance costs   21,673 64,547
Net cash provided by financing activities 46,036 24,115 65,554
Effect of exchange rate changes on cash, cash equivalents and restricted cash (26) (177) 146
Net (decrease) increase in cash, cash equivalents and restricted cash (49,227) (23,796) 85,395
Cash, cash equivalents and restricted cash, beginning of period 82,693 106,489 21,094
Cash, cash equivalents and restricted cash, end of period 33,466 82,693 106,489
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid for interest 70    
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING AND INVESTING INFORMATION:      
Purchases of property and equipment in accounts payable and accrued liabilities 100 24  
Deferred offering costs in accounts payable and accrued liabilities $ 80   66
Fair value of common stock retired in exchange for issuance of common stock warrant   $ 6,670  
Acquisition of new equipment upon trade-in for existing equipment     $ 185