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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (35,331) $ (23,852)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,907 1,266
Amortization of right-of-use assets 221  
Stock-based compensation expense 2,883 1,243
Amortization of premium on short-term investments (175) (661)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,087 4,413
Accounts payable 4,841 (85)
Accrued expenses and other liabilities (535) (1,404)
Deferred revenue (203) (92)
Deferred rent   1,301
Operating lease liabilities (541)  
Net cash used in operating activities (25,846) (17,871)
Cash flows from investing activities:    
Purchases of short-term investments   (84,467)
Maturities of short-term investments 117,030 114,600
Purchases of property and equipment (2,033) (10,466)
Net cash provided by investing activities 114,997 19,667
Cash flows from financing activities:    
Proceeds from issuance of common stock pursuant to employee stock purchase plan 537 396
Proceeds from issuance of common stock from option exercises 135 21
Payment of deferred offering costs 225 92
Net cash provided by financing activities 447 325
Net change in cash, cash equivalents and restricted cash 89,598 2,121
Cash, cash equivalents and restricted cash, beginning of period 55,048 39,992
Cash, cash equivalents and restricted cash, end of period 144,646 42,113
Supplemental disclosures of noncash investing and financing activities:    
Reclassification of liability for common stock vested 12 18
Property and equipment additions included in accounts payable 405 5,274
Property and equipment additions included in accrued expenses and other liabilities 23  
Unrealized gain on available for sale securities, net (202) 83
Deferred offering costs included in accounts payable and accrued expenses $ 77 $ 174