XML 27 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (19,620) $ (12,074)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 231 181
Amortization of premiums (accretion of discounts) on investments 0 (47)
Non-cash lease expense 366 446
Loss on disposal of property and equipment 1 70
Stock‑based compensation expense 1,409 1,180
Non‑cash interest expense 123 189
Warrant liabilities revaluation 846 0
Changes in operating assets and liabilities:    
Accounts receivable 5,000 0
Prepaid expenses, deposits and other assets (61) (6,158)
Accounts payable 836 (407)
Deferred revenue 0 (2)
Accrued expenses and other liabilities (829) (3,618)
Net cash used in operating activities (11,698) (20,240)
Cash flows from investing activities    
Purchases of short-term investments 0 (18,188)
Sale of short term investments 0 1,992
Purchases of property and equipment (135) 0
Proceeds from the sale of property and equipment 0 77
Net cash used in investing activities (135) (16,119)
Cash flows from financing activities    
Repayments of principal on outstanding debt (2,100) 0
Net proceeds from issuance of common stock 0 30,942
Issuance costs paid for December 2019 financing (4,381) 0
Other financing fees (147) 0
Proceeds from exercise of stock options 3 145
Proceeds from issuance of common stock under Employee Stock Purchase Plan 114 20
Net cash (used in) provided by financing activities (5,370) 31,107
Effect of exchange rate changes on cash (84) 22
Net change in cash, cash equivalents, and restricted cash (17,287) (5,230)
Cash, cash equivalents, and restricted cash at beginning of period 91,551 37,682
Cash, cash equivalents, and restricted cash at end of period 74,264 32,452
Supplement cash flow information    
Cash paid for interest 232 312
Noncash investing and financing activities    
Purchase of property and equipment not yet paid 10 0
Equity offering costs in accrued liabilities 42 10
Unrealized gain on marketable securities 0 2
At-The-Market Offering    
Cash flows from financing activities    
Net proceeds from issuance of common stock $ 1,141 $ 0