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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (5,533) $ (12,381)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 135 305
Amortization of premium/discount on investments (41) (132)
Non-cash interest expense 44 35
Stock-based compensation expense 986 754
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (623) 303
Right-of-use asset 147 0
Accounts payable and accrued liabilities (4,005) 106
Deferred revenue (1,091) 0
Lease liabilities 287 (213)
Net cash used in operating activities (9,694) (11,223)
Investing activities    
Purchases of property and equipment (56) (121)
Purchase of short-term investments (4,914) (13,296)
Maturities of short-term investments 18,100 31,125
Proceeds from the sale of short-term investments 0 1,391
Net cash provided by investing activities 13,130 19,099
Financing activities    
Proceeds from borrowings, net of issuance costs 5,000 0
Proceeds from sale of common stock, net of offering costs 0 23,618
Repayment of debt 0 (500)
Net cash provided by financing activities 5,000 23,118
Effect of exchange rate on cash, cash equivalents and restricted cash (113) (14)
Net increase in cash and cash equivalents and restricted cash 8,323 30,980
Cash and cash equivalents and restricted cash, beginning of period 16,509 10,843
Cash and cash equivalents and restricted cash, end of period 24,832 41,823
Supplemental Information    
Discount in connection with issuance of debt 335 0
Cash paid for interest 73 35
Recognition of right-of-use asset $ 0 $ 883