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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net loss $ (20,570) $ (13,070)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,531 1,597
Accretion of discounts on marketable securities (880) (47)
Depreciation expense 38 10
Amortization on operating lease right-of-use asset 126  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,619) (1,296)
Security deposits (19)  
Accounts payable 89 914
Accrued expenses 1,235 897
Due to related party (38) 24
Operating lease liability (88)  
Net cash used in operating activities (19,195) (10,971)
Cash flows from investing activities    
Sales and maturities of marketable securities 93,215  
Purchases of marketable securities (73,231) (58,624)
Purchases of property, plant and equipment (679) (124)
Net cash provided by (used in) investing activities 19,305 (58,748)
Cash flows from financing activities    
Proceeds from issuance of common stock in connection with IPO, net of offering costs   78,374
Proceeds from exercise of stock options 219  
Net cash provided by financing activities 219 99,367
Net increase in cash and cash equivalents 329 29,648
Cash and cash equivalents at the beginning of the period 10,271 8,663
Cash and cash equivalents at the end of the period 10,600 38,311
Supplemental disclosure of noncash investing and financing activities:    
Construction in process purchases payable or accrued at period end 441  
Change in unrealized gain (loss) on marketable securities $ 44 (7)
Conversion of preferred stock into common stock   36,501
Series C Convertible Preferred Stock [Member]    
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net of issuance costs   $ 20,993