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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (60,647) $ (32,172)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 32 20
Share-based compensation expense 3,119 550
Loss on disposal of property and equipment 66  
Non-cash rent expense 258  
Accretion of discounts on short-term investments (670)  
Deferred income taxes (935) (168)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (4,027) (1,406)
Accounts payable 2,981 6,013
Accrued expenses 6,449 323
Net cash used in operating activities (53,374) (26,840)
Cash flows from investing activities:    
Purchases of property and equipment (1,274) (65)
Purchases of short-term investments (292,584)  
Proceeds from the maturities of short-term investments 25,000  
Net cash used in investing activities (268,858) (65)
Cash flows from financing activities:    
Payments of deferred offering costs (3,646)  
Proceeds from exercise of options 76  
Net cash provided by financing activities 346,445 39,873
Net increase (decrease) in cash and cash equivalents and restricted cash 24,213 12,968
Cash and cash equivalents and restricted cash at beginning of period 45,660 56,075
Cash and cash equivalents and restricted cash at end of period 69,873 69,043
Supplemental information:    
Cash paid for income taxes 345  
Supplemental disclosure of non-cash investing and financing activities:    
Deferred offering costs included in accrued expenses and accounts payable 11  
Property and equipment included in accrued expenses and accounts payable 1,058  
Series B convertible preferred shares    
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred shares, net of issuance costs   $ 39,873
Series C convertible preferred shares    
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred shares, net of issuance costs 190,822  
Class A common shares    
Cash flows from financing activities:    
Proceeds from issuance of Class A common shares upon completion of initial public offering, net of underwriting commissions and discounts $ 159,193