XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2020
Jun. 30, 2019
Operating activities      
Net loss   $ (17,211) $ (9,144)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization $ 26 51 38
Stock-based compensation expense   249 81
Accretion on marketable securities   (81) (22)
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets   (465) (337)
Accounts payable   454 (393)
Accrued expenses   2,105 (396)
Net cash used in operating activities   (14,898) (10,173)
Investing activities      
Purchases of marketable securities   (18,908) (12,771)
Maturities of marketable securities   21,520 9,225
Purchases of property and equipment   (168) (43)
Net cash provided by (used in) investing activities   2,444 (3,589)
Financing activities      
Proceeds from issuance of Series A-2 Convertible Preferred Stock, net of issuance costs   33,638 22,898
Payment of initial public offering costs   (1,855)  
Proceeds from exercise of stock options   154 34
Net cash provided by financing activities   31,937 22,932
Net increase in cash, cash equivalents and restricted cash   19,483 9,170
Cash, cash equivalents and restricted cash at beginning of period   31,735 35,966
Cash, cash equivalents and restricted cash at end of period 51,218 51,218 45,136
Supplemental cash flow information:      
Cash and cash equivalents 50,863 50,863 45,136
Restricted cash 355 355  
Cash, cash equivalents and restricted cash at end of period $ 51,218 51,218 $ 45,136
Property and equipment unpaid at end of period   431  
Deferred offering costs unpaid at end of period   738  
Deferred lease incentive - non-cash   $ 238