XML 40 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (81,028,000) $ (43,274,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 166,000 29,000
Stock-based compensation 4,657,000 1,966,000
Foreign currency transactions 43,000 97,000
Changes in assets and liabilities:    
Other current assets (1,158,000) (2,821,000)
Other assets (182,000) (187,000)
Accounts payable 2,617,000 1,261,000
Accrued liabilities and other 1,388,000 1,700,000
NET CASH USED IN OPERATING ACTIVITIES (73,497,000) (41,229,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (1,965,000) (234,000)
NET CASH USED IN INVESTING ACTIVITIES (1,965,000) (234,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs 134,704,000 99,765,000
Payment of offering costs for private placement   (1,002,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 134,704,000 98,763,000
Effect of exchange rates on cash, cash equivalents and restricted cash 23,000 56,000
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 59,265,000 57,356,000
Cash, cash equivalents and restricted cash at the beginning of period 147,871,000 90,515,000
Cash, cash equivalents and restricted cash at the end of period 207,136,000 $ 147,871,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases in accounts payable 49,000  
Right-of-use assets obtained in exchange for lease obligations $ 901,000