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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 $ (4,775) $ (14,376)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,538 1,145
Stock-based compensation 3,195 795
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (543) (2,815)
Accounts payable 574 (493)
Accrued liabilities (753) (182)
Deferred rent 139  
Deferred revenue (22,378) (1,759)
Net cash used in operating activities (23,003) (17,685)
Cash flows from investing activities:    
Maturities of marketable securities 71,565  
Purchase of marketable securities (53,364)  
Purchase of property and equipment (4,279) (2,067)
Net cash provided by (used in) investing activities 13,922 (2,067)
Cash flows from financing activities:    
Proceeds from initial public offering, net of issuance costs   77,264
Proceeds from issuances of common stock 40 43
Proceeds from the term loan   4,540
Payments of the term loan (694)  
Net cash (used in) provided by financing activities (654) 81,847
Net (decrease) increase in cash, cash equivalents and restricted cash (9,735) 62,095
Cash, cash equivalents and restricted cash—beginning of period 39,130 135,633
Cash, cash equivalents and restricted cash—end of period 29,395 197,728
Supplemental disclosures of cash flow information:    
Cash paid for interest 85 80
Supplemental disclosures of noncash investing and financing activities:    
Purchase of property and equipment included in accrued liabilities $ 809 75
Deferred financing costs included in accrued liabilities   154
Conversion of convertible preferred stock into common stock   $ 162,223