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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net loss $ (21,828) $ (17,511) $ (18,528)
Adjustments to reconcile net loss:      
Depreciation and amortization 393 285 103
Accretion of investment discount (648) 0 0
Accretion of debt discount 568 315 180
Stock-based compensation expense 1,219 243 248
Non-cash stock issuance for services rendered 95 0 0
Change in the fair value of preferred stock warrants 595 100 (195)
Other, net 51 0 0
Changes in operating assets and liabilities:      
Accounts receivable (2,836) (1,767) (760)
Inventories 1,003 (315) 612
Prepaid expenses and other assets (1,326) (308) 88
Accounts payable 439 1,825 (480)
Accrued expenses 3,581 1,342 783
Net cash used in operating activities (18,694) (15,791) (17,949)
Investing activities      
Purchases of property and equipment (250) (412) (306)
Purchases of short-term investments (115,481) (8,969) 0
Proceeds from sales or maturities of short-term investments 32,342 1,781 0
Net cash used in investing activities (83,389) (7,600) (306)
Financing activities      
Proceeds from issuance of notes payable 8,000 458 0
Proceeds from the exercise of stock options and warrants 558 235 466
Proceeds from sale of common stock 181,825 0 0
Proceeds from sale of preferred stock 0 24,968 12,348
Net cash provided by financing activities 190,383 25,661 12,814
Effect of exchange rate on cash 33 0 0
Increase (decrease) in cash and cash equivalents 88,333 2,270 (5,441)
Cash and cash equivalents at beginning of year 8,955 6,685 12,126
Cash and cash equivalents at end of year 97,288 8,955 6,685
Supplemental cash flow information      
Cash paid for interest 2,019 1,323 1,232
Issuance of preferred stock warrants $ 103 $ 4 $ 0