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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (43,701) $ (28,468)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 356 355
Amortization of premiums (accretion of discounts) on investments 0 (131)
Non-cash lease expense 602 723
(Gain) Loss on disposal of property and equipment (35) 76
Stock‑based compensation expense 2,890 2,431
Non‑cash interest expense 173 267
Warrant liabilities revaluation 8,385 0
Changes in operating assets and liabilities:    
Accounts receivable 5,000 0
Prepaid expenses, deposits and other assets 451 2,189
Accounts payable 735 1,363
Deferred revenue 2,000 (11)
Accrued expenses and other liabilities (362) (6,231)
Net cash used in operating activities (23,506) (27,437)
Cash flows from investing activities    
Receipts from the maturity of short-term investments 0 4,850
Purchases of short-term investments 0 (18,188)
Sale of short term investments 0 1,992
Purchases of property and equipment (334) (5)
Proceeds from the sale of property and equipment 45 77
Net cash used in investing activities (289) (11,274)
Cash flows from financing activities    
Repayments of principal on outstanding debt (4,200) 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 101 145
Proceeds from issuance of common stock under Employee Stock Purchase Plan 114 20
Net cash (used in) provided by financing activities (6,327) 31,479
Effect of exchange rate changes on cash (42) 29
Net change in cash, cash equivalents, and restricted cash (30,164) (7,203)
Cash, cash equivalents, and restricted cash at beginning of period 91,551 37,682
Cash, cash equivalents, and restricted cash at end of period 61,387 30,479
Supplement cash flow information    
Cash paid for interest 387 634
Noncash investing and financing activities    
Cashless warrant exercise 17,089 0
Reclassification of warrant liability to equity upon exercise of warrants 77 0
Purchase of property and equipment not yet paid 111 0
Equity offering costs in accrued liabilities 29 14
Unrealized gain on marketable securities 0 3
At-The-Market Offering    
Cash flows from financing activities    
Net proceeds from issuance of common stock 2,137 372
Note Warrant    
Cash flows from financing activities    
Net proceeds from issuance of common stock $ 49  
Proceeds from exercise of pre-funded and common warrants   $ 0