XML 23 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net loss $ (37,545) $ (25,567) $ (9,518)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 645 336 94
Amortization of intangible assets 665 665 665
Loss on disposal of fixed assets 28    
Stock-based compensation 12,338 10,926 870
Net premium amortization on investments (140) 26 4
Landlord incentive for tenant improvements   2,119  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (367) (144) (415)
Accounts payable 490 517 3
Accrued expenses 387 245 246
Other asset   (101)  
Deferred rent (397) (109)  
Net cash used in operating activities (23,896) (11,087) (8,051)
Cash flows from investing activities:      
Purchases of property and equipment (276) (2,551) (64)
Purchases of available-for-sale securities (40,297) (43,595) (19,067)
Maturities of available-for-sale securities 41,815 23,148 4,750
Sales of investments 24,875    
Net cash provided by investing activities 26,117 (22,998) (14,381)
Cash flows from financing activities:      
Proceeds from exercises of stock options and warrants 498 539  
Proceeds from issuance of common stock from private offering, net of issuance costs   34,843  
Proceeds from issuance of common stock from initial public offering, net of issuance costs     20,915
Proceeds from issuance of common stock under employee stock plan 327    
Proceeds from issuance of common stock from rights offering, net of issuance costs 44,786    
Tax payments related to shares withheld for vested restricted stock units (115)    
Net cash provided by financing activities 45,496 35,382 20,915
Net increase in cash and cash equivalents 47,717 1,297 (1,517)
Cash and cash equivalents at beginning of period 3,386 2,089 3,606
Cash and cash equivalents at end of period 51,103 3,386 2,089
Supplemental disclosure of noncash investing and financing activities:      
Reclassification of deferred offering costs to additional paid-in capital upon initial public offering     627
Equipment purchased in accounts payable and accrued expenses $ 33 $ 38 $ 18