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Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended 134 Months Ended
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Operating activities:                
Net loss $ (6,445) $ (5,169) $ (7,976) $ (9,021) $ (24,871) $ (30,784) $ (71,865)  
Adjustments to reconcile net loss to net cash used in operating activities:                
Depreciation and amortization         562 645 490  
Stock-based compensation         3,232 4,367 6,387  
Noncash interest expense on loans         331 786 1,050  
Impairment of property and equipment         108     $ 0
Loss on disposal of assets         12 177 70  
Revaluation of warrant liability         4 (9) (65)  
(Accretion) amortization of bond (discount) premium on marketable securities         (484) (182) 474  
Change in right-of-use asset         301      
Changes in operating assets and liabilities:                
Prepaid expenses and other assets         (1,122) 786 612  
Operating lease liabilities         (482)      
Accounts payable, accrued expenses and other liabilities         (1,258) (1,161) (8,408)  
Net cash used in operating activities         (23,667) (25,375) (71,255)  
Investing activities:                
Purchases of property and equipment           (169) (3,495)  
Maturities of marketable securities         79,389 68,982 99,018  
Purchases of marketable securities         (53,806) (47,813) (62,743)  
Net cash provided by investing activities         25,583 21,000 32,780  
Financing activities:                
Proceeds from exercise of common stock options         28 83 361  
Proceeds from issuance of common stock, net         10,312 33,195 20,712  
Payment of employee withholding taxes on vested restricted stock units         (158)      
Capital lease payments         (12)      
Capital lease payments           (11) (8)  
Proceeds from loans payable, net             9,921  
Repayments of loans payable, net         (12,667) (12,667)    
Net cash (used in) provided by financing activities         (2,497) 20,600 30,986  
Net (decrease) increase in cash, cash equivalents and restricted cash         (581) 16,225 (7,489)  
Cash, cash equivalents and restricted cash - beginning of period   $ 34,195   $ 17,970 34,195 17,970 25,459  
Cash, cash equivalents and restricted cash - end of period $ 33,614   $ 34,195   33,614 34,195 17,970 $ 34,195
Supplemental disclosure of cash flow information:                
Cash paid for interest         600 $ 1,446 1,730  
Capital lease additions             27  
Fair value of common stock warrants issued to underwriters         $ 347   $ 501