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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net Loss $ (24,601) $ (9,006)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash interest expense related to convertible promissory notes   262
Non-cash rent expense 275 61
Stock based compensation 1,479 47
Depreciation and amortization 112 27
Accretion of discount on convertible promissory notes payable   694
Amortization of discount on available for sale investments (728) (122)
Change in fair value of derivative liability   206
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (3,281) 20
Other assets (253)  
Accounts payable 1,800 50
Accrued expenses and other current liabilities 2,870 39
Net cash used in operating activities (22,327) (7,722)
Cash flow from investing activities:    
Purchase of investments (98,475) (48,103)
Proceeds from maturities of investments 63,070  
Purchase of property and equipment (46) (212)
Net cash used in investing activities (35,451) (48,315)
Cash flows from financing activities:    
Proceeds from issuance of convertible promissory note payable   250
Proceeds from issuance of commons stock upon exercise of stock options 69  
Proceeds from Series B redeemable convertible preferred stock   75,688
Proceeds from initial public offering, net of stock offering costs 77,827  
Net cash provided by financing activities 77,896 75,938
Net increase in cash, cash equivalents and restricted cash 20,118 19,901
Cash, cash equivalents and restricted cash at beginning of period 24,872 7,393
Cash, cash equivalents and restricted cash at end of period 44,990 27,294
Supplemental disclosures of non-cash information:    
Right-of-use assets obtained in exchange for new operating lease liabilities 878  
Right-of-use assets obtained in exchange for new finance lease liabilities 500  
Series A Redeemable Convertible Preferred Stock    
Supplemental disclosures of non-cash information:    
Conversion of redeemable convertible preferred stock to common stock on initial public offering 17,178  
Series B Redeemable Convertible Preferred Stock    
Supplemental disclosures of non-cash information:    
Conversion of redeemable convertible preferred stock to common stock on initial public offering 87,816  
Acceleration of vesting of stock on initial public offering $ 856  
Issuance of stock in connection with conversion of convertible promissory notes and accrued interest   11,027
Issuance of stock for facility lease   $ 1,100