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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (21,142) $ (22,810)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,423 1,933
Stock-based compensation 5,567 1,319
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (690) (3,660)
Accounts payable (1,675) 93
Accrued liabilities (1,117) 335
Deferred rent 336  
Deferred revenue (22,378) (2,842)
Net cash used in operating activities (38,676) (25,632)
Cash flows from investing activities:    
Maturities of marketable securities 129,169  
Purchase of marketable securities (95,992) (174,205)
Purchase of property and equipment (6,152) (2,557)
Net cash provided by (used in) investing activities 27,025 (176,762)
Cash flows from financing activities:    
Proceeds from initial public offering, net of issuance costs   77,264
Proceeds from issuances of common stock 94 65
Proceeds from the term loan   4,540
Deferred financing costs   (134)
Payments of the term loan (1,111)  
Net cash (used in) provided by financing activities (1,017) 81,735
Net (decrease) increase in cash, cash equivalents and restricted cash (12,668) (120,659)
Cash, cash equivalents and restricted cash—beginning of period 39,130 135,633
Cash, cash equivalents and restricted cash—end of period 26,462 14,974
Supplemental disclosures of cash flow information:    
Cash paid for interest 130 137
Supplemental disclosures of noncash investing and financing activities:    
Purchase of property and equipment included in accrued liabilities $ 134 73
Deferred financing costs included in accrued liabilities   134
Conversion of convertible preferred stock into common stock   $ 162,223