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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net loss $ (39,247) $ (23,846)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 174 105
Stock-based compensation 1,421 332
Non-cash interest expense 500 3,664
Change in fair value warrant liability 0 (11)
Change in fair value derivative liability 0 676
Changes in operating assets and liabilities:    
Other receivables (1,000) (233)
Prepaid expenses and other assets (1,954) (1,017)
Accounts payable 802 1,337
Accrued expenses (327) 1,923
Deferred rent 37 17
Net cash used in operating activities (39,594) (17,053)
Investing activities    
Purchases of property and equipment (960) (119)
Net cash used in investing activities (960) (119)
Financing activities    
Proceeds from issuance of common stock, net 46,277 42,974
Payments of deferred stock offering costs (145) 0
Proceeds from issuance of redeemable convertible preferred stock, net 0 17,712
Long-term borrowings, net 8,089 3,995
Proceeds from exercise of stock options 245 92
Proceeds from exercise of warrants 0 24
Repayments of long-term debt (938) 0
Net cash provided by financing activities 53,528 64,797
Net increase in cash and cash equivalents 12,974 47,625
Cash, cash equivalents and restricted cash at the beginning of the year 61,051 13,426
Cash, cash equivalents and restricted cash at the end of the year 74,025 61,051
Supplemental disclosure for cash flow    
Cash paid for interest 576 260
Supplemental disclosure of cash flow information    
Accrued interest on term loan refinanced to principal 308 0
Debt refinanced through new term loan 6,563 0
Right-of-use asset and lease liabilities recorded upon adoption of ASC 842 1,991  
Conversion of redeemable convertible preferred stock into common stock 0 125,609
Conversion of convertible promissory notes into redeemable convertible preferred stock 0 19,778
Warrant liability converted to redeemable convertible preferred stock upon the exercise of warrants 0 4,297
Issuance of warrants in conjunction with debt 355 2,822
Conversion of redeemable convertible preferred stock warrants into common stock warrants 0 3,346
Accretion of redeemable convertible preferred stock 0 95
Deferred stock offering costs in accounts payable 110 0
Purchases of property and equipment included in accounts payable and accrued expenses $ 823 $ 39