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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (37,793) $ (21,444)
Adjustment to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 82 63
Amortization/Accretion on marketable securities 98  
Stock-based compensation 7,617 7,447
Amortization of right of use asset 374 245
Lease liability (361) (173)
Changes in operating assets and liabilities:    
Increase in prepaid expenses and other current assets (518) (41)
Decrease in accounts payable and accrued expenses (2,498) (2,440)
Decrease in employee related accrued expenses (2,636) (1,591)
Net cash used in operating activities (35,635) (17,934)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of marketable securities (9,378)  
Maturities of marketable securities 22,499  
Purchases of property and equipment (96) (44)
Net cash provided by (used in) investing activities 13,025 (44)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of options into ordinary shares 293 1,532
Issuance of ordinary shares, net of issuance expenses   161,974
Issuance cost for shelf filing (203)  
Net cash provided by financing activities 90 163,506
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (22,520) 145,528
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD 50,211 101,571
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF THE PERIOD 27,691 247,099
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Non-cash new lease liabilities $ 72  
Non-cash issuance cost   312
Exercise of options   $ 515