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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (33,737) $ (22,799)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,688 1,677
Stock-based compensation 1,886 263
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (4,255) (19)
Accounts payable (622) 1,342
Accrued liabilities 2,460 847
Deferred rent 304 (44)
Deferred revenue (4,347) 26,725
Net cash (used in) provided by operating activities (35,623) 7,992
Cash flows from investing activities:    
Purchase of property and equipment (3,371) (3,063)
Purchase of marketable securities (300,552)  
Net cash used in investing activities (303,923) (3,063)
Cash flows from financing activities:    
Proceeds from public offering, net of issuance costs 238,384  
Proceeds from issuance of preferred stock, net of issuance costs   122,223
Proceeds from other issuance of common stock 119 4
Proceeds from the term loan 4,540  
Deferred financing costs   (410)
Payments of the term loan   (400)
Net cash provided by financing activities 243,043 121,417
Net (decrease) increase in cash, cash equivalents and restricted cash (96,503) 126,346
Cash, cash equivalents and restricted cash—beginning of year 135,633 9,287
Cash, cash equivalents and restricted cash—end of year 39,130 135,633
Supplemental disclosures of cash flow information:    
Cash paid for interest 191 25
Supplemental disclosures of noncash investing and financing activities:    
Purchase of property and equipment included in accrued liabilities 73  
Deferred financing costs included in accrued liabilities 1 $ 284
Conversion of convertible preferred stock into common stock $ 162,223