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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (62,131) $ (52,807) $ (33,285)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 5,428 2,050 759
Depreciation and amortization expense 351 103 103
Loss on transfer of nonfinancial assets 0 3,900 0
Non-cash lease expense 879 569 0
Accretion of debt discount 532 695 152
Loss on extinguishment of debt 162 566 229
Change in fair value of preferred stock warrant and derivative liability 437 105 3,487
Other (413) 0 0
Changes in operating assets and liabilities:      
Prepaid expenses, other current assets and research & development incentive receivable (1,655) 109 279
Accounts payable 1,031 (2,752) 1,307
Accrued expenses 1,517 160 1,549
Lease liabilities (1,067) (753) 0
Operating lease right-of-use asset, net of non-cash portion (3,889) 0 0
Net cash used in operating activities (58,818) (48,055) (25,420)
Cash flows from investing activities:      
Cash, cash equivalents and restricted cash acquired in connection with the Merger 0 26,406 0
Proceeds from transfer of non-financial assets 0 1,000 0
Purchase of property, equipment and intangible assets (1,362) (174) 0
Net cash provided by (used in) investing activities (1,362) 27,232 0
Cash flows from financing activities:      
Proceeds from exercise of stock options and warrants 561 792 7
Employee taxes paid related to net share settlement of vested restricted stock units (278) 0 0
Proceeds from borrowings under loan and security agreements, net of issuance costs 12,388 9,849 9,908
Proceeds from issuance of Series B convertible preferred stock, net of issuance costs 0 0 4,461
Repurchase of Series Seed convertible preferred stock 0 0 (1,126)
Repayments of borrowings under loan and security agreement 0 (9,368) (6,380)
Proceeds from sale of common stock and warrants, net of issuance costs (277) 139,388 0
Net cash provided by financing activities 12,394 140,661 6,870
Effect of exchange rate changes on cash, cash equivalents and restricted cash 402 (250) 0
Net (decrease) increase in cash, cash equivalents and restricted cash (47,384) 119,588 (18,550)
Cash, cash equivalents and restricted cash at beginning of period 128,086 8,498 27,048
Cash, cash equivalents and restricted cash at end of period 80,702 128,086 8,498
Supplemental disclosure of cash flow information      
Cash paid for interest 2,099 1,284 540
Supplemental disclosure of non-cash investing and financing activities:      
Purchase of property, equipment and intangible assets included in accounts payable 54 40 0
Issuance costs related to sale of common stock and warrants, not yet paid 0 775 0
Conversion of convertible preferred stock into common stock 0 64,675 0
Conversion of redeemable common stock into common stock 0 734 0
Conversion of convertible preferred stock warrants into common stock warrants 0 5,235 0
Fair value of net assets acquired in the Merger in exchange for common shares, excluding cash acquired 0 19,952 0
Initial fair value of derivative liability in connection with loan and security agreement 0 0 18
Issuance of warrants in connection with Series B convertible preferred stock financing 0 0 172
Issuance of warrants in connection with loan and security agreement $ 0 $ 0 $ 132