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Condensed consolidated statements of cash flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net loss $ (20,637) $ (61,341)
Adjustments to reconcile net cash used in operating activities:    
Stock-based compensation 3,393 7,017
Acquired in-process research and development   47,716
Depreciation and amortization 578 180
Loss on disposal of property and equipment 180  
Amortization of operating lease right-of-use assets 784 76
Write-off of right-of-use asset upon lease termination 113  
Unrealized foreign exchange loss   20
Changes in operating assets and liabilities:    
Other current assets and other non-current assets (5,026) (453)
Accounts payable and accrued liabilities 5,125 (3,828)
Operating lease right-of-use assets (169)  
Operating lease liabilities 313 (145)
Net cash used in operating activities (15,346) (10,758)
Investing activities    
Acquisition of Former Neoleukin, net of cash acquired   191
Purchase of property and equipment (1,566) (97)
Net cash provided by (used in) investing activities (1,566) 94
Financing activities    
Proceeds from issuance of common stock and pre-funded warrants, net of commissions of $4.6 million 71,675  
Payment of offering costs (355)  
Proceeds from exercise of stock options 4,576 40
Payment on finance lease obligations (49) (7)
Net cash provided by financing activities 75,847 33
Effect of exchange rate changes on cash, cash equivalents and restricted cash   9
Net change in cash, cash equivalents and restricted cash during the period 58,935 (10,622)
Cash, cash equivalents and restricted cash, beginning of period 143,093 76,928
Cash, cash equivalents and restricted cash, end of period 202,028 66,306
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment unpaid at period-end 271  
Operating lease liabilities arising from obtaining ROU asset $ 10,618 $ 515