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Unaudited Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net loss $ (41,381,000) $ (41,027,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and other expense 123,000 139,000
Gain on sale of property and equipment (150,000) 0
Deferred income taxes 0 233,000
Share-based compensation 6,803,000 8,348,000
Changes in operating assets and liabilities:    
Income tax receivable 1,635,000 1,387,000
Prepaid expense and other assets 979,000 1,096,000
Accrued research and development expenses (2,387,000) 932,000
Accounts payable and accrued expenses (2,203,000) (2,937,000)
Net cash used in operating activities (36,581,000) (31,829,000)
Investing Activities    
Proceeds from sale of assets 150,000 0
Net cash provided by (used in) investing activities 150,000 0
Financing Activities    
Proceeds from employee stock plan purchases 81,000 65,000
Net cash provided by financing activities 81,000 65,000
Net change in cash and cash equivalents (36,350,000) (31,764,000)
Cash and cash equivalents    
Beginning of period 131,201,000 166,972,000
End of period 94,851,000 135,208,000
Supplemental disclosure of cash paid    
Income tax refunds received $ 1,765,000 $ 2,467,000