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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (16,149) $ (14,090)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 201 157
Change in fair value of notes payable 83 0
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (610) (207)
Accounts payable (31) (192)
Accrued expenses 464 (373)
Net cash used in operating activities (16,042) (14,705)
Cash flows from financing activities    
Cash received from stock option exercise 0 74
Cash paid for initial public offering costs (398) 0
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 82,544 10,949
Proceeds from issuance of convertible loan notes 10,000 0
Net cash provided by financing activities 92,146 11,023
Net increase (decrease) in cash, cash equivalents and restricted cash 76,104 (3,682)
Cash, cash equivalents and restricted cash at beginning of period 4,205 12,079
Cash, cash equivalents and restricted cash at end of period 80,309 8,397
Supplemental disclosure of non-cash financing activities:    
Accretion of issuance costs to redeemable convertible preferred stock 456 51
Exercise of series B preferred stock tranche right 300 0
Accrued dividends on redeemable convertible preferred stock 3,957 2,728
Deferred offering costs included in prepaid expenses and other current assets and accounts payable or accrued expenses 1,217 0
Series C Redeemable Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Cash paid for initial public offering costs (429)  
Supplemental disclosure of non-cash financing activities:    
Conversion of convertible loan notes into series C preferred stock $ 10,083 $ 0