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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 $ (15,586) $ (37,565)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 576 2,226
Stock-based compensation expense 3,453 4,862
Change in fair value of contingent consideration 1,767  
Changes in operating assets and liabilities:    
Accounts receivable 4,737 (10,956)
Prepaid expenses and other assets 338 1,789
Accounts payable (4,317) (197)
Accrued expenses 2,227 8,523
Net cash used in operating activities (6,805) (31,318)
Cash flows from investing activities:    
Purchases of property and equipment (124) (284)
Purchases of marketable securities (8,869) (73,100)
Proceeds from sales and maturities of marketable securities 22,935 82,000
Net cash provided by (used in) investing activities 13,942 8,616
Cash flows from financing activities:    
Proceeds from debt financing, net of issuance costs 10,950  
Finance lease payments (57) (120)
Proceeds from the issuance of stock 25  
Net cash (used in) provided by financing activities 10,918 (120)
Net increase (decrease) in cash and cash equivalents 18,055 (22,822)
Cash, cash equivalents and restricted cash at beginning of period 35,937 57,019
Cash, cash equivalents and restricted cash at end of period 53,992 34,197
Supplemental disclosure of non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable 16 24
Offering costs included in accounts payable $ 30  
Operating lease asset recorded as a result of new accounting standard   $ 2,132