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Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash flows used in operating activities:      
Net loss $ (17,585) $ (7,669) $ (7,669)
Adjustments to reconcile net loss to net cash used in operating activities:      
Change in fair value of future tranche right liability   3,482 3,482
Depreciation and amortization 49 12  
Share‑based compensation 2,368 231  
Deferred rent (15) 444  
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (978) 31  
Prepaid research and development (5,595) 2,925  
Accounts payable 331 (47)  
Accrued expenses (426) 377  
Net cash used in operating activities (21,851) (214)  
Cash flows used in investing activities:      
Purchases of property and equipment (99) (884)  
Net cash used in investing activities (99) (884)  
Cash flows provided by financing activities:      
Proceeds from issuance of common stock upon initial public offering 229,904    
Proceeds from early exercise stock options 44 176  
Net cash provided by financing activities 229,904 20,157  
Net increase in cash and cash equivalents 207,954 19,059  
Cash and cash equivalents at beginning of year 158,874 24,861 24,861
Cash and cash equivalents at end of year 366,828 43,920 $ 158,874
Supplemental disclosure of non‑cash investing and financing activities:      
Deferred offering costs in accrued expenses and other current liabilities 70    
Deferred offering costs in accounts payable 1,571    
Reclassification of deferred offering costs paid in a prior period 763    
Property and equipment in accounts payable   134  
Vesting of early exercise option awards $ 32 13  
Series A-1 Convertible Preferred Stock      
Cash flows provided by financing activities:      
Proceeds from Issuance of Convertible Preferred Stock   $ 19,981