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Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net loss $ (12,598) $ (10,223)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization of debt discount on notes payable 0 404
Amortization of investment premiums (accretion of investment discounts), net (138) 149
Amortization of financing costs 60 60
Amortization of non-cash clinical trial costs 140 477
Change in fair value of debt conversion feature liability 0 (1,398)
Stock-based compensation 1,956 1,241
Realized loss on investments 2  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (535) (1,396)
Accounts payable 910 (3)
Accrued expenses 592 116
Net cash used in operating activities (9,611) (10,573)
Cash flows from investing activities    
Purchases of investments (182,884) (113,707)
Proceeds from maturities of investments 186,254 17,455
Net cash provided by (used in) investing activities 3,370 (96,252)
Cash flows from financing activities    
Proceeds from issuances of common stock, net of underwriting discounts and commissions   131,402
Public offering and financing costs   (266)
Repayment of convertible notes payable   (3,833)
Value of shares withheld related to employee tax withholding (122) (99)
Proceeds from warrant and option exercises and stock issuance under employee stock purchase plan 707 5,243
Net cash provided by financing activities 585 132,447
Net increase (decrease) in cash and cash equivalents (5,656) 25,622
Cash and cash equivalents beginning of period 24,779 8,988
Cash and cash equivalents end of period $ 19,123 34,610
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest   81
Supplemental disclosure of non-cash investing and financing transactions    
Unpaid deferred public offering and other financing costs   $ 309