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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (16,245) $ (8,266)
Adjustments to reconcile net loss:    
Depreciation and amortization 187 103
Accretion of investment discount (80) (309)
Accretion of debt discount 54 110
Non-cash lease expense 243 204
Stock-based compensation expense 2,749 1,391
Non-cash stock issuance for services rendered 72 58
Other, net (89) (141)
Changes in operating assets and liabilities:    
Accounts receivable 2,092 (385)
Inventories (1,411) (439)
Prepaid expenses and other current assets 775 212
Accounts payable 1,372 (222)
Accrued expenses and other liabilities (4,494) (3,258)
Net cash used in operating activities (14,775) (10,942)
Investing activities    
Purchases of property and equipment (255) (275)
Purchases of investments (14,907) (40,573)
Proceeds from sales or maturities of investments 82,403 56,804
Net cash provided by investing activities 67,241 15,956
Financing activities    
Payment of debt fees 0 (531)
Proceeds from the exercise of stock options 787 165
Net cash provided by (used in) financing activities 787 (366)
Effect of exchange rate on cash 4 9
Increase in cash and cash equivalents 53,257 4,657
Cash and cash equivalents at beginning of period 22,860 97,288
Cash and cash equivalents at end of period 76,117 101,945
Supplemental cash flow information    
Cash paid for interest $ 471 $ 771