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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flow from operating activities    
Net loss $ (26,488) $ (16,750)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,772 203
Depreciation and amortization 1,743 1,114
Share of loss from equity method investee 377 141
Gain on deemed sale from equity method investee (1,229)  
Other non-operating income (177) (53)
Changes in operating assets and liabilities    
Amounts owed by a related party (168) 384
Prepaid expenses and other current assets (409) (366)
Accounts payable 1,347 (1,610)
Accrued liabilities 1,812 821
Other current liabilities 20 20
Deferred revenue (2,500)  
Deferred rent (224) (316)
Net cash used in operating activities (24,124) (16,412)
Cash flow from investing activities    
Purchases of short-term and long-term investments (90,671) (31,440)
Proceeds from maturities of short-term investments 60,415 16,085
Purchases of property and equipment (2,358) (4,381)
Net cash used in investing activities (32,614) (19,736)
Cash flow from financing activities    
Proceeds from initial public offering, net of issuance costs 125,114  
Proceeds from issuance of common stock upon exercise of stock options, net of repurchases 3,331 608
Payment of preferred stock issuance costs (135)  
Net cash provided by financing activities 128,310 608
Net decrease in cash and cash equivalents 71,572 (35,540)
Cash and cash equivalents at beginning of period 98,426 [1] 65,160
Cash and cash equivalents at end of period 169,998 29,620
Non-cash investing and financing activities:    
Unpaid portion of property and equipment purchases included in accounts payable and accrued liabilities 1,007 495
Vesting of early exercised stock options and restricted stock $ 647 $ 86
[1] The Condensed Consolidated Balance Sheet as of December 31, 2017 has been derived from the audited financial statements as of that date.