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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (17,167) $ (8,119)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 100 70
Purchase net discount on marketable securities 243  
Net accretion of discount on marketable securities (275) (14)
Stock-based compensation 1,081 835
Research and development services settled with stock   30
Other, net 69 (11)
Changes in operating assets and liabilities:    
Accounts receivable - grant   (295)
Prepaid expenses and other assets (928) (102)
Accounts payable 2,289 396
Deferred revenue   (20)
Operating lease liabilities (114)  
Accrued and other liabilities (1,105) (217)
Net cash used in operating activities (15,807) (7,447)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (118) (83)
Purchases of marketable securities (19,750)  
Proceeds from maturities of marketable securities 33,804 4,785
Net cash provided by investing activities 13,936 4,702
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock and pre-funded warrants in public offering, net of offering costs 64,662  
Proceeds from employee stock plan purchases and stock option exercises 399 688
Principal payments on finance lease obligation (6)  
Net cash provided by financing activities 65,055 688
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 63,184 (2,057)
CASH AND CASH EQUIVALENTS    
Beginning of period 22,461 12,817
End of period 85,645 $ 10,760
Supplemental Disclosure of Non-Cash Investing and Financing Information:    
Leased assets obtained in exchange for lease obligations $ 776