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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net loss $ (18,786) $ (17,042)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 747 469
Amortization of operating lease right-of-use assets 399  
Depreciation 361 391
Deferred rent 0 515
Other 42 45
Change in operating assets and liabilities    
Prepaid expenses and other assets (657) 635
Accounts payable 635 615
Accrued compensation and other accrued liabilities (904) (21)
Operating lease liabilities (451)  
Net cash used in operating activities (18,614) (14,393)
Cash flows from investing activities    
Proceeds from maturities of marketable securities 13,900 16,000
Purchases of marketable securities (3,476) (37,475)
Purchases of property and equipment (6,213) (2,106)
Net cash provided by (used in) investing activities 4,211 (23,581)
Cash flows used in financing activities    
Proceeds from public offering of securities, net of underwriting commissions and offering costs 18,472 45,603
Proceeds from build-to-suit obligation, net of issuance costs 2,277 0
Principal payments on financing obligations (1,234) (3,083)
Net cash provided by financing activities 19,515 42,520
Net increase in cash, cash equivalents and restricted cash 5,112 4,546
Cash, cash equivalents and restricted cash at beginning of period 9,595 11,686
Cash, cash equivalents and restricted cash at end of period 14,707 16,232
Supplemental cash flow information    
Cash paid for interest 365 203
Cash paid for taxes 1 0
Non-cash investing and financing activities    
Total 851  
Acquisition of property and equipment under accounts payable and other accrued liabilities 5,795 264
Accrued offering costs 142 98
Right-of-use assets acquired under finance lease obligations $ 22 $ 0