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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (51,673) $ (25,786)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 183 33
Stock-based compensation expense 4,645 2,130
Amortization of debt discount and issuance costs 410  
Change in fair value of derivative liability (41)  
Loss on disposal of asset 2 7
Changes in assets and liabilities:    
Related party receivable (69) (163)
Prepaid expenses and other current assets 860 (2,139)
Other assets 81 (2,619)
Accounts payable (911) (114)
Accrued expenses and other liabilities 5,537 2,431
Related party payable 43 88
Net cash used in operating activities (40,933) (26,132)
Cash Flows From Investing Activities:    
Purchases of property and equipment (243) (35)
Net cash used in investing activities (243) (35)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock under employee stock plan 350 308
Proceeds from issuance of common stock upon exercise of stock options 396 112
Net cash provided by financing activities 24,840 420
Net decrease in cash and cash equivalents (16,336) (25,747)
Cash and cash equivalents, beginning of period 191,157 157,147
Cash and cash equivalents, end of period 174,821 131,400
Other supplemental information    
Interest paid 752  
Supplemental disclosure of non-cash activities:    
Lease liability arising from the right of use asset   1,058
Vesting of restricted stock and early exercised options 72 $ 75
Open Market Sale Agreement    
Cash Flows From Financing Activities:    
Proceeds from the issuance of common stock in at-the-market offering $ 24,094