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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (5,072) $ (10,644)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 184 95
Share-based compensation 933 614
Realized (gain) loss on investments (1)  
Unrealized foreign currency transaction (gain) loss (95) 8
Accretion of discount on marketable securities (355) (45)
Changes in operating assets and liabilities:    
Other receivables (80) (208)
Prepaid expenses and other current assets (448) 604
Tax incentive receivables (62) (45)
Other assets 433  
Accounts payable (3,008) (2,469)
Accrued expenses and other current liabilities (3,364) 165
Deferred rent   (36)
Other long-term liabilities 11  
Net cash used in operating activities (10,924) (11,961)
Cash flows from investing activities:    
Purchases of marketable securities (25,835) (22,825)
Proceeds from maturities of marketable securities 50,587  
Purchases of property and equipment (81)  
Net cash provided by (used in) investing activities 24,671 (22,825)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 1,525  
Payment of offering costs (16)  
Proceeds from stock option exercises 59  
Net cash provided by financing activities 1,568  
Net increase (decrease) in cash and cash equivalents 15,315 (34,786)
Cash, cash equivalents and restricted cash at beginning of period 34,080 87,338
Cash, cash equivalents and restricted cash at end of period 49,395 $ 52,552
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses $ 75