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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (23,205) $ (21,437)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 213 300
Amortization of intangible assets 333 333
Stock-based compensation 5,038 5,060
Net premium amortization and discount on available-for-sale securities (1) (291)
Loss on disposal of fixed assets 119  
Gain on government securities (8)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 522 (1,129)
Right-of-use assets 198  
Other long-term assets 129  
Accounts payable (758) 305
Accrued expenses 393 282
Lease liabilities (110)  
Other assets (424) (2,726)
Other current and non-current liabilities   2,279
Net cash used in operating activities (17,561) (17,024)
Cash flows from investing activities:    
Purchases of property and equipment (100) (112)
Purchases of investments (3,006) (55,068)
Maturities of investments 17,000 32,000
Sales of investments 4,510  
Net cash provided by (used) in investing activities 18,404 (23,180)
Cash flows from financing activities:    
Proceeds from the issuance of common stock and warrants, net of issuance cost of $501 29,759  
Proceeds from issuance of common stock under employee stock purchase plan 255 222
Tax payments related to shares withheld for vested restricted stock units   (613)
Proceeds from exercises of stock options 9 272
Net cash provided by (used in) financing activities 30,023 (119)
Net increase (decrease) in cash 30,866 (40,323)
Cash and cash equivalents at beginning of period 6,899 51,103
Cash and cash equivalents at end of period 37,765 10,780
Supplemental disclosure of noncash investing and financing activities:    
Change in unrealized gains (losses) on available-for-sale securities (4) $ 23
Unpaid property and equipment included in accounts payable and accrued expenses 257  
Issuance costs for rights offering in accounts payable $ 261