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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net loss $ (96,388) $ (12,545) $ (8,052)
Adjustments to reconcile net loss to cash used in operating activities:      
Excess cost for acquisition of an equity investee 814
Net loss on equity method investment 44
Imputed interest 532
Depreciation expenses 32 18 10
Share-based compensation 22,683
Research and Development Expenses Settled by Shares Issuance 42,259
Loss on disposal of property and equipment 27
Changes in assets and liabilities:      
Advances to suppliers (726) (710) (73)
Prepaid expenses and other current assets 96 (334) (22)
Other noncurrent assets (240) (121)
Accounts payable 2,935 144 94
Due to related parties (210) (222) (168)
Accrued expenses 699 (102) 210
Other current liabilities 64 174 14
Net cash used in operating activities (28,796) (13,698) (6,570)
Cash flows from investing activities:      
Acquisitions of property and equipment (76) (64) (40)
Loans to related parties (861)
Cash obtained from acquisition of an equity investee 1,256
Purchase of short-term investments (3,074)
Net cash provided by (used in) investing activities (3,150) (64) 355
Cash flows from financing activities:      
Proceeds from issuance of ordinary shares 50,505 15,250 16,000
Proceeds from a third party loan 1,000
Proceeds from loans due to related parties 1,273
Repayment of loans due to related parties (402)
Cash distribution to equity owner in the Internal Restructuring (1,201)
Payment of initial public offering costs (2,783) (537)
Net cash provided by financing activities 47,722 14,713 16,670
Effect of foreign exchange rate changes 18 (85) (26)
Net increase in cash and cash equivalents 15,794 866 10,429
Cash at beginning of year 11,687 10,821 392
Cash at end of year 27,481 11,687 10,821
Non-cash activities:      
Ordinary shares issued to acquire Wanchun Pharma 2,400
Deemed contribution through the Internal Restructuring 9,393
Initial public offering costs accrued in accrued expenses 1,324
Net settlement of related party loans 1,800
Research and development expense settled by share issuance $ 42,259