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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:      
Net loss $ (52,625) $ (30,834) $ (19,702)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 7,741 2,730 812
Depreciation and amortization 533 148 109
Change in fair value of warrant liability   5,452 972
Stock options in exchange for consulting services     26
Net amortization (accretion) of premium and discount on short-term investments (945) (1,715) (123)
Noncash rent expense   93  
Noncash interest expense 156    
Changes in operating assets and liabilities:      
Research and development incentives receivable (628) (255) (767)
Prepaid expenses and other current assets 933 (801) (305)
Operating lease, right-of-use-asset 588    
Finance lease, right-of-use-asset 1,274    
Long term prepaid rent (15,787)    
Accounts payable (3,821) 120 1,596
Accrued expenses and other current liabilities 2,479 (292) 1,393
Operating lease liabilities (450)    
Deferred rent   (24) (25)
Net cash used in operating activities (60,552) (25,378) (16,014)
Cash flows from investing activities:      
Purchases of property, plant and equipment (6,540) (2,600) (136)
Purchase of short-term investments (149,682) (189,931) (52,463)
Proceed from sales and maturities of short-term investments 150,989 126,587 8,553
Net cash provided by (used in) investing activities (5,233) (65,944) (44,046)
Cash flows from financing activities:      
Proceeds from issuance of series B convertible preferred stock, net of issuance costs     54,752
Proceeds from issuance of common stock in initial public offering, net of underwriting fees and discounts   103,341  
Proceeds from issuance of common stock in follow-on public offering, net of underwriting fees and discounts 57,453    
Proceeds from issuance of prefunded warrants to purchase common stock, net of underwriting fees and discounts 28,145    
Proceeds from issuance of common stock through ATM sales 4,431    
Proceeds from long-term debt 10,000    
Exercise of stock options 551 206  
Payment of issuance costs (355) (2,157)  
Principal payment of finance lease obligation (59)    
Net cash provided by financing activities 100,166 101,390 54,752
Effect of exchange rate changes on cash, cash equivalents and restricted cash (135) (839) 2,297
Net increase (decrease) in cash, cash equivalents and restricted cash 34,246 9,229 (3,011)
Cash, cash equivalents and restricted cash at beginning of year 26,890 17,661 20,672
Cash, cash equivalents and restricted cash at end of year 61,136 26,890 17,661
Supplemental disclosure of cash flow information      
Cash paid for interest 578    
Supplemental disclosure of non-cash investing and financing activities:      
Net unrealized gain (loss) on short-term investments 309 80 $ (65)
Purchases of property and equipment included in accounts payable 209 5,047  
Conversion of convertible preferred stock into common stock   7,094  
Conversion of convertible preferred stock warrants into common stock warrants   86,361  
Amounts capitalized under built-to-suit lease transaction   $ 4,292  
Lease assets obtained in exchange for new financing lease liabilities 48,224    
Lease assets obtained in exchange for new operating lease liabilities 5,152    
Adjustment for non-cash lease termination $ 117