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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (12,449) $ (10,157)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 250 307
Stock-based compensation 536 408
Fair value adjustment for preferred stock tranche rights and anti-dilution warrants liabilities (1,265) (296)
Deferred rent (14) (5)
Changes in operating assets and liabilities:    
Grants receivable 4,962 (1,586)
R&D tax credits receivable (238) (282)
Prepaid expenses and other current assets (580) (376)
Accounts payable 1,055 508
Accrued expenses and other liabilities (886) (234)
Deferred income (852) 1,055
Net cash used in operating activities (9,481) (10,658)
Cash flows from investing activities    
Purchase of property and equipment (119) (673)
Purchase of other assets (19) (121)
Net cash used in investing activities (138) (794)
Cash flows from financing activities    
Proceeds from issuance of common stock and profit certificates upon exercise of options 205 102
Payment of IPO costs (1,311)  
Proceeds from grants repayable 2,713  
Net cash provided by financing activities 126,633 22,474
Effects of exchange rate changes on cash and restricted cash (11) 184
Net increase in cash and restricted cash 117,003 11,206
Cash and restricted cash at beginning of period 19,990 22,054
Cash and restricted cash at end of period 136,993 33,260
Non-cash investing and financing activities    
Accretion of Series B and B-2 Preferred Stock to redemption value 4,189 1,612
Settlement of preferred stock tranche right 4,135  
Deferred IPO costs in accounts payable 400  
Supplemental disclosure of cash flows    
Cash paid for taxes 147 2
Series B-2 Preferred Stock    
Cash flows from financing activities    
Proceeds from issuance of Preferred Stock 125,358  
Payment of issuance costs on Series B-2 Preferred Stock $ (332)  
Series B Preferred Stock    
Cash flows from financing activities    
Proceeds from issuance of Preferred Stock   $ 22,372