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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (29,450) $ (20,753)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 221 183
Purchase net discount on marketable securities 539 2
Net (accretion of discount) amortization of premium on marketable securities (311) 82
Stock-based compensation 2,903 1,794
Research and development services settled with stock 107 15
Other, net (30) (15)
Changes in operating assets and liabilities:    
Accounts receivable-grant 656 (1,237)
Prepaid expenses and other assets (1,520) 275
Accounts payable 727 447
Deferred revenue (20) (21)
Accrued and other liabilities 1,185 486
Net cash used in operating activities (24,993) (18,742)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (219) (428)
Purchases of marketable securities (35,500) (62,115)
Proceeds from maturities of marketable securities 22,620 35,170
Net cash used in investing activities (13,099) (27,373)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock in public offering, net of offering costs 37,654 11,380
Proceeds from employee stock plan purchases and stock option exercises 2,153 149
Net cash provided by financing activities 39,807 11,529
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,715 (34,586)
CASH AND CASH EQUIVALENTS    
Beginning of period 12,817 47,748
End of period 14,532 $ 13,162
Supplemental Disclosure of Non-Cash Investing and Financing Information:    
Unpaid amounts related to purchase of property and equipment $ 51