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Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (14,710) $ (16,711)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 108 117
Stock-based compensation expense 2,331 2,000
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,470 267
Accounts receivable (375) 162
Accounts payable 134 (553)
Accrued expenses and other liabilities (511) 575
Net cash used in operating activities (11,553) (14,143)
Cash flows from investing activities:    
Purchases of property and equipment (11)  
Net cash used in investing activities (11)  
Cash flows from financing activities:    
Proceeds from stock options exercised 244 86
Proceeds from public offering, net of underwriters' discounts 33,672  
Payment of offering costs (181)  
Net cash provided by financing activities 33,735 86
Net increase (decrease) in cash, cash equivalents and restricted cash 22,171 (14,057)
Cash, cash equivalents and restricted cash, at beginning of period 99,194 151,128
Cash, cash equivalents and restricted cash, at end of period 121,365 $ 137,071
Supplemental disclosure of non-cash investing and financing activities:    
Offering costs not yet paid 148  
Property and equipment in accounts payable $ 25