XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (58,179) $ (56,759)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 627 312
Purchase net (premium) discount on marketable securities (102) 498
Net accretion of discount on marketable securities (47) (749)
Stock-based compensation 4,644 3,692
Non-cash operating lease expense 465 337
Other (15)  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,968) (1,700)
Accounts payable (539) 1,834
Operating lease liabilities 92 (165)
Accrued and other liabilities (3,621) 3,302
Net cash used in operating activities (58,643) (49,398)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (3,280) (318)
Purchases of marketable securities (98,000) (87,676)
Proceeds from maturities of marketable securities 65,056 75,929
Net cash used in investing activities (36,224) (12,065)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock and pre-funded warrants in public offering, net of offering costs 129,103 64,239
Proceeds from employee stock plan purchases and stock option exercises 744 826
Principal payments on finance lease obligation (14) (18)
Net cash provided by financing activities 129,833 65,047
Effect of exchange rate on cash, cash equivalents, and restricted cash 4  
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 34,970 3,584
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH    
Beginning of period 20,753 22,461
End of period 55,723 26,045
Supplemental Disclosure of Non-Cash Investing and Financing Information:    
Leased assets obtained in exchange for lease obligations 172 5,294
Unpaid amounts related to purchase of property and equipment $ 515 $ 26