XML 32 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (25,508) $ (17,385)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 961 486
Stock-based compensation 3,000 1,544
Amortization of premiums and discounts on marketable securities (896) (192)
Loss on disposal of property and equipment   97
Changes in operating assets and liabilities    
Prepaid expenses, other current assets and other long-term assets (1,187) (1,272)
Accounts payable, accrued liabilities and other current liabilities 1,534 1,619
Deferred rent   (216)
Operating lease liabilities (571)  
Net cash used in operating activities (22,667) (15,319)
Cash flows from investing activities:    
Purchases of property and equipment (589) (1,003)
Purchases of marketable securities (86,571) (72,995)
Maturities of marketable securities 105,901  
Proceeds from sale of property and equipment   10
Net cash provided by (used in) investing activities 18,741 (73,988)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs   77,695
Proceeds from issuance of common stock under employee equity plans 192 213
Net cash provided by financing activities 192 77,908
Effect of exchange rate changes on cash, cash equivalents and restricted cash (83) (53)
Net decrease in cash, cash equivalents and restricted cash (3,817) (11,452)
Cash, cash equivalents and restricted cash at the beginning of period 24,182 51,046
Cash, cash equivalents and restricted cash at the end of period 20,365 39,594
Supplemental disclosures of noncash investing and financing information:    
Reclassification of employee stock liability to equity upon vesting 37 29
Addition of tenant improvement paid by landlord   2,703
Purchase of property and equipment in accounts payable $ 17 7
Conversion of redeemable convertible preferred stock into common stock   $ 77,931