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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (21,698) $ (11,295) $ (10,347)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 132 89 19
Purchase premium on marketable securities (146) (5)  
Amortization of premium on marketable securities 101 2  
Deferred rent 12 4  
Amortization of lease allowance liability (22) (23)  
Share/stock-based compensation 1,221 767 147
Change in fair value of forward sale contract     1,444
Discount on Series A convertible preferred shares     531
Research and development services settled with convertible preferred stock 110 812 845
Changes in operating assets and liabilities:      
Accounts receivable - grant 482 (1,697)  
Prepaid expenses and other assets (924) (586) (112)
Accounts payable (8) (169) (165)
Deferred revenue 71    
Accrued and other liabilities 1,829 1,119 303
Net cash used in operating activities (18,840) (10,982) (7,335)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (212) (208) (181)
Purchases of marketable securities (20,390) (3,766)  
Proceeds from maturities of marketable securities 8,446    
Decrease (increase) in restricted cash 80 (40) (40)
Net cash used in investing activities (12,076) (4,014) (221)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of convertible preferred stock, net of offering costs   43,679 5,575
Proceeds from initial public offering, net of (payments of) offering costs 49,294 (2,028)  
Proceeds from employee stock plan purchases and issuance of common stock 76 23  
Net cash provided by financing activities 49,370 41,674 5,575
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 18,454 26,678 (1,981)
CASH AND CASH EQUIVALENTS      
Beginning of period 29,294 2,616 4,597
End of period 47,748 29,294 2,616
Supplemental Disclosure of Non-Cash Investing and Financing Information:      
Unpaid amounts related to purchase of property and equipment 172    
Deemed dividend to Series A convertible preferred stockholders upon conversion from an LLC to corporation   228  
Convertible preferred stock issued for research and development services to be performed   232  
Settlement on forward sale contract of Series A convertible preferred shares     $ 1,936
Series A Convertible Preferred Stock      
Supplemental Disclosure of Non-Cash Investing and Financing Information:      
Deemed dividend to Series A convertible preferred stockholders upon conversion from an LLC to corporation   $ (228)  
Conversion of convertible preferred stock to common stock upon initial public offering 13,573    
Series B Convertible Preferred Stock      
Supplemental Disclosure of Non-Cash Investing and Financing Information:      
Conversion of convertible preferred stock to common stock upon initial public offering $ 44,738