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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net loss $ (16,525) $ (11,077)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 74 54
Stock-based compensation 508 166
Non-cash interest expense 254 2,761
Change in fair value warrant liability   996
Change in fair value derivative liability   317
Changes in operating assets and liabilities:    
Other receivable (948)  
Prepaid expenses and other assets (2,019) 115
Accounts payable 1,243 (115)
Accrued expenses (1,463) 149
Deferred rent 11 (5)
Net cash used in operating activities (18,865) (6,639)
Investing activities    
Purchases of property and equipment (429) (28)
Net cash used in investing activities (429) (28)
Financing activities    
Proceeds from issuance of common stock in public offering, net 46,308  
Long-term borrowings, net 3,089 1,995
Repayments of long-term debt (938)  
Proceeds from exercise of stock options 126  
Net cash provided by financing activities 48,585 1,995
Net increase (decrease) in cash and cash equivalents 29,291 (4,672)
Cash, cash equivalents and restricted cash at the beginning of the period 61,051 13,406
Cash, cash equivalents and restricted cash at the end of the period 90,342 8,734
Supplemental disclosure for cash flow    
Cash paid for interest 191 90
Supplemental disclosure of non-cash investing and financing activities    
Accrued interest on term loan refinanced to principal 308  
Issuance of warrants in conjunction with debt 296  
Debt refinanced with new term loan 6,563  
Initial recognition of operating lease right-of-use assets and operating lease liabilities 1,991  
Accretion of redeemable convertible preferred stock   33
Deferred stock offering costs included in accounts payable and accrued expenses 31 $ 604
Purchases of property and equipment included in accounts payable $ 6