XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (25,244) $ (17,999)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 5,577 3,685
Depreciation and amortization 505 395
Bad debt expense 200 0
Accretion on marketable securities (20) (940)
Realized gain on marketable securities (43) 0
Amortization of debt issuance costs 100 130
Loss on extinguishment of debt 1,534 0
Loss on sale and disposal of property and equipment 80 98
Changes in operating assets and liabilities:    
Accounts receivable 1,287 (916)
Inventory 500 (1,092)
Prepaid expenses and other assets 875 102
Accounts payable (290) 338
Accrued liabilities and other (2,289) 725
Net cash used in operating activities (17,228) (15,474)
Cash flows from investing activities    
Maturities of marketable securities 33,500 83,600
Sales of marketable securities 12,592 0
Purchases of marketable securities (34,768) (82,516)
Purchases of property and equipment (1,264) (893)
Net cash provided by investing activities 10,060 191
Cash flows from financing activities    
Proceeds from follow-on public offering, net of underwriting discounts, commissions and offering costs 62,978 0
Proceeds from debt financing 45,297 0
Principal repayments of debt financing (45,297) 0
Payments of debt issuance costs (589) 0
Payments of prepayment penalty and lender fees (843) 0
Proceeds from issuance of common stock under employee stock purchase plan 991 1,263
Proceeds from the exercise of stock options 359 567
Payments of additional initial public offering related costs 0 (167)
Net cash provided by financing activities 62,896 1,663
Effect of exchange rate changes on cash and cash equivalents 6 (4)
Net increase (decrease) in cash and cash equivalents 55,734 (13,624)
Cash and cash equivalents at    
Beginning of period 10,435 25,120
End of period 66,169 11,496
Supplemental disclosure of non-cash information    
Vesting of early exercised stock options 53 122
Unpaid purchases of property and equipment 145 57
Unpaid debt issuance costs $ 161 $ 0