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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (11,984) $ (11,424)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 276 295
Stock-based compensation 1,496 2,713
Accretion of discounts on short-term investments (217) (57)
Amortization of debt discount 44 0
Deferred rent 0 27
Changes in operating assets and liabilities:    
Accounts receivable, net 94 (26)
Prepaid and other assets 584 (23)
Accounts payable 123 1,503
Accrued expenses 462 (1,275)
Accrued compensation (1,392) (1,531)
Operating leases 10 0
Net cash used in operating activities (10,504) (9,798)
Cash flows from investing activities:    
Purchases of short-term investments (32,763) (21,898)
Maturities of short-term investments 26,000 36,500
Purchases of property and equipment (36) (74)
Net cash (used in) provided by investing activities (6,799) 14,528
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 32
Payments of debt issuance costs (52) 0
Net cash (used in) provided by financing activities (52) 32
Net change in cash, cash equivalents and restricted cash (17,355) 4,762
Cash, cash equivalents and restricted cash at beginning of period 34,329 19,614
Cash, cash equivalents and restricted cash at end of period 16,974 24,376
Cash and cash equivalents at end of period 16,276 23,217
Restricted cash at end of period 698 1,159
Supplemental cash flow disclosures    
Cash paid for interest 347 0
Supplemental disclosure of non-cash investing activities:    
Purchase of property and equipment in accounts payable and accrued expenses $ 0 $ 59