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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 $ (8,044) $ (11,629)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 664 1,018
Implementation of ASC 842 and other non-cash lease expenses 75  
Non-cash interest expense 63 94
Depreciation and amortization 68 73
Loss on sale of equipment 11 0
Amortization of premiums and discounts on available-for-sale securities (1) (182)
Changes in operating assets and liabilities:    
Accounts receivable 104 18
Prepaid expenses and other assets 436 (298)
Accounts payable 410 (54)
Accrued and other liabilities (2,245) (849)
Net cash used in operating activities (8,459) (11,809)
Cash flows from investing activities:    
Purchases of short-term investments 0 (23,783)
Maturities of short-term investments 2,000 21,000
Proceeds from sale of property and equipment 1 0
Purchases of property and equipment 0 (37)
Net cash provided by (used in) investing activities 2,001 (2,820)
Cash flows from financing activities:    
Proceeds from the sale of common stock and warrants 19,754 138
Payment of issuance costs associated with the sale of common stock (1,068) (4)
Payments of principal on note payable (1,000) 0
Proceeds from stock purchases under employee stock purchase plan 16 84
Proceeds from the exercise of stock options 13 0
Net cash provided by financing activities 17,715 218
Net increase (decrease) in cash and cash equivalents 11,257 (14,411)
Cash and cash equivalents at beginning of period 24,846 32,606
Cash and cash equivalents at end of period 36,103 18,195
Supplemental disclosure of cash flow information    
Cash paid for interest 61 136
Supplemental disclosure of non-cash investing and financing activities    
Amortization of public offering costs 30 1
Change in unrealized gain on investments $ 0 $ 5