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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2020
Sep. 30, 2019
Cash flows used in operating activities:      
Net loss   $ (44,540) $ (24,076)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation and amortization   1,252 1,173
Stock-based compensation expense   713 913
Loss on disposal of fixed assets     9
Unrealized loss on short-term investments   (53)  
Accretion of discount on investments   8  
Reduction in carrying amount of right-of-use assets   910 850
Amortization of debt discount $ 203 229  
Change in fair value of warrant liability 3,141 3,141  
Changes in operating assets and liabilities:      
Accounts receivable   482 83,846
Prepaid expenses, other current assets and other assets   (1,798) (655)
Accounts payable   (132) 3,071
Accrued expenses and other liabilities   3,157 1,729
Operating lease liability   (651) (544)
Deferred revenue   (8,425) (398)
Net cash provided by (used in) operating activities   (45,710) 65,918
Cash flows used in investing activities:      
Purchases of property and equipment   (359) (1,422)
Purchase of short-term investments   (135,926) (14,902)
Proceeds received from maturities of short-term investments     14,902
Net cash used in investing activities   (136,284) (1,422)
Cash flows provided by financing activities:      
Proceeds from the issuance of Series B convertible preferred stock, net of issuance costs of $4,473   145,525  
Proceeds from the issuance of common stock   764 206
Financing costs paid in connection with initial public offering   (2,446)  
Vested stock option settlement   (727)  
Repurchase of common stock   (210) (40)
Proceeds from long-term debt, net of issuance costs of $527   11,973  
Net cash provided by financing activities   154,879 166
Net increase (decrease) in cash, cash equivalents and restricted cash   (27,115) 64,662
Cash, cash equivalents and restricted cash at beginning of period   93,126 38,888
Cash, cash equivalents and restricted cash at end of period 66,011 66,011 103,550
Reconciliation of cash, cash equivalents and restricted cash:      
Cash, cash equivalents and restricted cash at end of period 66,011 66,011 103,550
Less restricted cash (2,577) (2,577) (2,577)
Cash and cash equivalents at end of the period $ 63,434 63,434 100,973
Supplemental disclosures of non-cash investing and financing activities:      
Capital expenditures in accounts payable   10 98
Accrued deferred initial public offering costs   474  
Stock option exercises included in prepaid and other current assets   33 $ 53
Fair value of warrants issued in connection with debt issuance   $ 5,465