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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flow from operating activities    
Net loss $ (12,954) $ (7,200)
Adjustments to reconcile net earnings to net cash used in operating activities:    
Stock-based compensation expense 656 72
Depreciation and amortization 828 486
Share of loss from equity method investee 226 70
Other non-operating income (59) (30)
Changes in operating assets and liabilities    
Amounts owed by a related party (29) 405
Prepaid expenses and other current assets (693) (96)
Accounts payable (306) (2,692)
Accrued liabilities 410 (469)
Other current liabilities 9 10
Deferred revenue (1,250)  
Deferred rent (85) (153)
Net cash used in operating activities (13,247) (9,597)
Cash flow from investing activities    
Purchase of short-term and long-term investments (41,084) (21,354)
Proceeds from maturities of short-term investments 25,647 7,000
Purchase of property and equipment (1,054) (2,139)
Net cash used in investing activities (16,491) (16,493)
Cash flow from financing activities    
Proceeds from initial public offering, net of issuance costs 126,259  
Proceeds from issuance of common stock upon exercise of stock options, net of repurchases 3,304 29
Payment of preferred stock issuance costs (135)  
Net cash provided by financing activities 129,428 29
Net decrease in cash and cash equivalents 99,690 (26,061)
Cash and cash equivalents at beginning of period 98,426 [1] 65,160
Cash and cash equivalents at end of period 198,116 39,099
Non-cash investing and financing activities:    
Unpaid financing cost included in accounts payable and accrued liabilities 1,170  
Purchase of property and equipment purchases included in accounts payable and accrued liabilities 695 1,100
Vesting of early exercised options and restricted stock $ 278 $ 22
[1] The Condensed Consolidated Balance Sheet as of December 31, 2017 has been derived from the audited financial statements as of that date.