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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (21,443) $ (11,032)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,609 698
Depreciation and amortization 430 124
Noncash lease expense 109  
Accretion of investment securities and purchase discounts, net of amortization of purchase premiums (689)  
Other 2 76
Increase (decrease) in cash resulting from changes in:    
Prepaid expenses and other current assets 24 (1,275)
Accounts payable and accrued expenses (92) 3,652
Operating lease liability (277)  
Net cash used in operating activities (19,327) (7,757)
Cash flows from investing activities:    
Purchases of investment securities (52,664)  
Maturities of investment securities 87,170  
Purchases of property and equipment (464) (526)
Net cash provided by (used in) investing activities 34,042 (526)
Financing activities:    
Proceeds from issuance of convertible preferred stock, net   63,266
Proceeds from exercise of stock options 87 393
Repurchase of unvested shares (59)  
Payment of initial public offering costs   (660)
Net cash provided by financing activities 28 62,999
Net change in cash, cash equivalents and restricted cash 14,743 54,716
Cash, cash equivalents and restricted cash at beginning of period 45,473 14,192
Cash, cash equivalents and restricted cash at end of period 60,216 68,908
Noncash investing and financing activities:    
Purchase of shares pursuant to Employee Stock Purchase Plan 379  
Change in unvested stock liability $ (71) (7)
Amounts accrued for purchases of property and equipment   52
Tenant improvement allowance   954
Accrued but unpaid preferred stock issuance and initial public offering costs   $ 1,046