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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net loss $ (33,283) $ (47,731)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,868 4,454
Issuance of common stock for services rendered 92 77
Accretion of discounts on short-term investments (377)  
Depreciation and amortization expense 94 395
Loss on disposal of property and equipment (10) 497
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (2,298) 1,881
Accounts payable, accrued expenses, and other liabilities (1,257) 455
Deferred revenue   (472)
Net cash used in operating activities (34,171) (40,444)
Cash Flows from Investing Activities:    
Purchases of available-for-sale securities (44,447)  
Proceeds from maturity of available-for-sale securities 35,850  
Proceeds from the sale of property and equipment 11 193
Purchases of property and equipment (11) (71)
Net cash (used in) provided by investing activities (8,597) 122
Cash Flows from Financing Activities:    
Proceeds from equity financings, net of issuance costs 3,857  
Proceeds from employee stock purchases 97 205
Proceeds from exercise of common stock options and warrants   10,166
Payments on note payable   (209)
Other (6) (7)
Net cash provided by financing activities 3,948 10,155
Net decrease in cash and cash equivalents (38,820) (30,167)
Cash, cash equivalents and restricted cash, beginning of period 71,431 112,940
Cash, cash equivalents and restricted cash, end of period $ 32,611 $ 82,773