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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (41,970) $ (22,003)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,386 471
Depreciation and amortization expense 71 77
Loss on transfer of non-financial assets (Note 16) 4,004 0
Non-cash lease expense 416 0
Accretion of debt discount 584 80
Loss on extinguishment of debt 566 0
Change in fair value of preferred stock warrant liability 288 264
Change in fair value of derivative liability (183) 411
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and research and development incentive receivable 290 631
Accounts payable (3,131) 209
Accrued expenses (595) 1,174
Lease liabilities (540)  
Net cash used in operating activities (38,814) (18,686)
Cash flows from investing activities:    
Cash, cash equivalents and restricted cash acquired in connection with the Merger 26,406 0
Proceeds from transfer of non-financial assets 896  
Acquisition of property, equipment and intangible assets (91) 0
Net cash provided by investing activities 27,211 0
Cash flows from financing activities:    
Proceeds from exercise of stock options and warrants 605 7
Proceeds from borrowings under loan and security agreements, net of issuance costs 9,849 0
Proceeds from issuance of Series B convertible preferred stock, net of issuance costs 0 4,461
Repurchase of Series Seed convertible preferred stock 0 (1,126)
Repayments of borrowings under loan and security agreement (9,368) (1,500)
Proceeds from sale of common stock and warrants, net of issuance costs 79,291 0
Net cash provided by financing activities 80,377 1,842
Effect of exchange rate changes on cash, cash equivalents and restricted cash (266) 0
Net increase (decrease) in cash, cash equivalents and restricted cash 68,508 (16,844)
Cash, cash equivalents and restricted cash at beginning of period 8,498 27,048
Cash, cash equivalents and restricted cash at end of period 77,006 10,204
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of property, equipment and intangible assets included in accounts payable 38 0
Conversion of convertible preferred stock into common stock 64,675 0
Conversion of redeemable common stock into common stock 734 0
Conversion of convertible preferred stock warrants into common stock warrants 5,235 0
Fair value of net assets acquired in the Merger $ 46,358 $ 0