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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (36,101) $ (33,183)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 310 390
Amortization of intangible assets 499 500
Stock-based compensation 7,686 7,739
Net premium amortization and discount on available-for-sale securities (6) (458)
Loss on disposal of fixed assets 119  
Gain U.S. Treasury securities (8)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 431 (658)
Right-of-use assets 352  
Other long-term assets 129  
Accounts payable (595) 544
Accrued expenses 1,352 633
Lease liabilities (104)  
Other assets (174) (2,734)
Other current and non-current liabilities   2,238
Net cash used in operating activities (26,110) (24,989)
Cash flows from investing activities:    
Purchases of property and equipment (162) (645)
Purchases of investments (25,516) (72,981)
Maturities of investments 4,510 57,000
Sales of investments 17,000  
Net cash used in investing activities (4,168) (16,626)
Cash flows from financing activities:    
Proceeds from issuance of common stock under employee stock purchase plan 490 423
Proceeds from exercises of warrants 112  
Proceeds from exercises of stock options 349 272
Proceeds from the issuance of common stock, net of issuance cost of $565 29,498  
Tax payments related to shares withheld for vested restricted stock units   (613)
Net cash provided by financing activities 30,449 82
Net increase (decrease) in cash 171 (41,533)
Cash and cash equivalents at beginning of period 6,899 51,103
Cash and cash equivalents at end of period 7,070 9,570
Supplemental disclosure of noncash investing and financing activities:    
Change in unrealized gains on available-for-sale securities (3) 9
Unpaid property and equipment included in accounts payable and accrued expenses 263 $ 219
Issuance costs for rights offering in accounts payable $ 64