XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (29,360) $ (31,194)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 1,020 915
Net amortization of premiums and discounts on marketable securities 160 (451)
Stock-based compensation 2,563 1,449
Loss on sale of property and equipment 2 14
Realized gain on marketable securities (3) (7)
Changes in assets and liabilities    
Prepaid expenses and other assets (81) (2,071)
Right-of-use assets (459) 870
Accounts payable 684 (153)
Accrued and other liabilities 1,186 1,000
Contract liabilities 91,033  
Lease liabilities 314 (979)
Net cash provided by (used in) operating activities 67,059 (30,607)
Cash flows from investing activities    
Purchases of property and equipment, net (314) (1,137)
Purchases of marketable securities (214,412) (86,117)
Maturities of marketable securities 73,037 67,538
Sales of marketable securities   18,094
Net cash used in investing activities (141,689) (1,622)
Cash flows from financing activities    
Proceeds from issuance of common stock upon public offering, net of issuance costs 100,664 50,321
Proceeds from issuance of common stock in private placement, net of issuance costs 19,988  
Proceeds from exercise of common stock options, net of repurchases 1,017 251
Proceeds from ESPP purchase 132  
Net cash provided by financing activities 121,801 50,572
Net increase in cash, cash equivalents and restricted cash 47,171 18,343
Cash, cash equivalents and restricted cash, at beginning of period 34,173 20,611
Cash, cash equivalents and restricted cash, at end of period 81,344 38,954
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 81,238 38,848
Restricted cash 106 106
Cash, cash equivalents and restricted cash, at end of period 81,344 38,954
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1 1
Cash paid for interest 62 69
Supplemental non-cash investing and financing activities:    
Vesting of early exercised options and restricted stock 44 91
Purchases of property and equipment in accounts payable and accrued liabilities 161 11
Unpaid offering costs $ 31  
Conversion of redeemable convertible preferred stock into common stock   $ 138,391