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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net loss $ (15,076) $ (12,501)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and other expense 38 43
Share-based compensation 2,324 2,470
Changes in operating assets and liabilities:    
Income tax receivable (2,942) 0
Prepaid expense and other assets (140) (306)
Accrued research and development expenses 1,524 (1,427)
Accounts payable and accrued expenses (3,254) (2,882)
Net cash used in operating activities (17,526) (14,603)
Investing Activities    
Net cash provided by (used in) investing activities 0 0
Financing Activities    
Proceeds from employee stock plan purchases 179 41
Net cash provided by financing activities 179 41
Net change in cash and cash equivalents (17,347) (14,562)
Cash and cash equivalents    
Beginning of period 125,699 131,201
End of period $ 108,352 $ 116,639