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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (11,886) $ (5,362)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,237 215
Non-cash lease expense 54  
Net amortization of premiums and discounts on short-term investments (103)  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 724 197
Accounts payable 588 (564)
Accrued expenses and other current liabilities (1,931) 70
Net cash used in operating activities (11,317) (5,444)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of short-term marketable securities (24,781)  
Proceeds from maturities of short-term marketable securities 18,500  
Net cash used in investing activities (6,281)  
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the exercise of stock options 112  
Proceeds from the disgorgment of stockholders' short-swing profits, net 52  
Payment of initial public offering costs   (720)
Net cash provided by (used in) financing activities 164 (720)
Net decrease in cash, cash equivalents and restricted cash (17,434) (6,164)
Cash, cash equivalents and restricted cash at the beginning of the period 64,848 76,000
Cash, cash equivalents and restricted cash at the end of the period 47,414 69,836
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Net unrealizable gain on marketable securities $ 51  
Deferred offering costs included in accounts payable and accrued expenses and other current liabilities   $ 556