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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (11,138) $ (14,385)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization expense 139 58  
Net amortization of premiums and discounts on investments (36) (94)  
Stock-based compensation expense 1,065 1,023  
Gain on sale of property and equipment (66)    
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 482 29  
Other assets 337 691  
Accounts payable (461) (25)  
Operating lease liabilities (211) (173)  
Accrued expenses and other current liabilities (855) (317)  
Net cash used in operating activities (10,744) (13,193)  
Cash flows from investing activities:      
Purchases of property and equipment (5) (131)  
Proceeds from sale of property and equipment 66    
Purchases of investments (1,756) (21,284)  
Proceeds from sales or maturities of investments 12,992 10,100  
Net cash provided by (used in) investing activities 11,297 (11,315)  
Cash flows from financing activities:      
Proceeds from issuance of common stock and common warrants and pre-funded warrants, net of issuance costs 10,876 23,865  
Proceeds from Paycheck Protection Program Loan 384    
Proceeds from exercise of stock options   165  
Net cash provided by financing activities 11,260 24,030  
Net increase/(decrease) in cash, cash equivalents and restricted cash 11,813 (478)  
Cash, cash equivalents and restricted cash at beginning of period 5,904 11,228 $ 11,228
Cash, cash equivalents and restricted cash at end of period 17,717 $ 10,750 $ 5,904
Supplemental disclosure of non-cash financing activities:      
Issuance costs for issuance of common stock included in accounts payable and accrued expenses $ 190