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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (23,599) $ (10,609)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 359 330
Equity-based compensation 1,571 488
Amortization of deferred rent (15) (103)
Deferred payroll tax credit 190  
Other 82 35
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (753) (456)
Accounts payable 464 638
Accrued expenses 191 (257)
Net cash used in operating activities (21,510) (9,934)
Cash flows from investing activities:    
Purchase of property and equipment (192) (209)
Sales and maturities of marketable securities 1,498 3,001
Net cash provided by investing activities 1,306 2,792
Cash flows from financing activities:    
Principal payments on loan payable (333) (333)
Proceeds from initial public offering of common stock, net of issuance costs 79,137  
Proceeds from issuance of Series B convertible preferred units   4,285
Net cash provided by financing activities 78,804 3,952
Net increase (decrease) in cash and cash equivalents and restricted cash 58,600 (3,190)
Cash and cash equivalents and restricted cash, beginning of period 56,666 10,238
Cash and cash equivalents and restricted cash, end of period 115,266 7,048
Supplemental disclosure of non‑cash items:    
Offering costs in accounts payable and accrued liabilities 1,302  
Supplemental cash flow information:    
Cash paid for interest $ 19 $ 28