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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net loss $ (20,418) $ (13,579)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 541 397
Loss on disposal of property and equipment   5
Stock-based compensation 2,482 776
Preferred stock warrant liability revaluation   50
Accretion of discount on investments (80)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 356 (562)
Accounts payable (79) 716
Accrued expenses (3,020) (993)
Other current liabilities 1,124 225
Other non-current liabilities 505  
Deferred rent 675 (12)
Net cash used in operating activities (17,914) (12,977)
Cash Flows from Investing Activities    
Purchase of property and equipment (523) (166)
Purchase of investments (58,974) (74,314)
Proceeds from maturities of investments 10,570  
Change in deposits 127 52
Net cash used in investing activities (48,800) (74,428)
Cash Flows from Financing Activities    
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan 533  
Proceeds from exercise of stock options 423 13
Principal payments on capital lease obligations (13) (12)
Payments of initial offering costs   (57)
Net cash provided by (used in) financing activities 943 (56)
Net change in cash, cash equivalents and restricted cash (65,771) (87,461)
Cash, cash equivalents and restricted cash, beginning of period 159,236 114,504
Cash, cash equivalents and restricted cash, end of period 93,465 27,043
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 1 2
Cash paid for income taxes   1
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Vesting of early exercised common stock options $ 4  
Purchases of property and equipment included in accounts payable and accrued liabilities   879
Deferred offering costs included in accounts payable and accrued expenses   $ 223