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Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net loss $ (5,725) $ (5,169)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 128 149
Stock-based compensation 891 754
Noncash interest expense on loans 8 123
Revaluation of warrant liability (3) 12
(Accretion) amortization of bond (discount) premium on marketable securities   (159)
Change in right-of-use asset 83  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 19 (974)
Operating lease liabilities (144)  
Accounts payable, accrued expenses and other liabilities (1,475) (2,419)
Net cash used in operating activities (6,218) (7,683)
Investing activities:    
Maturities of marketable securities 3,500 18,179
Purchases of marketable securities   (29,219)
Net cash (used in) provided by investing activities 3,500 (11,040)
Financing activities:    
Proceeds from exercise of common stock options   21
Proceeds from issuance of common stock, net 3,551 9,243
Capital lease payments (2)  
Capital lease payments   (3)
Repayments of loans payable, net (5,045) (3,167)
Net cash (used in) provided by financing activities (1,496) 6,094
Net decrease in cash, cash equivalents and restricted cash (4,214) (12,629)
Cash, cash equivalents and restricted cash?beginning of period 33,614 34,195
Cash, cash equivalents and restricted cash?end of period 29,400 21,566
Supplemental disclosure of cash flow information:    
Cash paid for interest 18 229
Fair value of common stock warrants issued to underwriters $ 347 $ 347