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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net loss $ (27,916) $ (18,978)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 124 82
Stock-based compensation 999 262
Non-cash interest expense 354 3,580
Change in fair value warrant liability   2,709
Change in fair value derivative liability   676
Changes in operating assets and liabilities:    
Other receivable (350) (411)
Prepaid expenses and other assets 340 130
Accounts payable (114) 558
Accrued expenses (556) 1,182
Deferred rent 14 (5)
Net cash used in operating activities (27,105) (10,215)
Investing activities    
Purchases of property and equipment (824) (31)
Net cash used in investing activities (824) (31)
Financing activities    
Proceeds from issuance of redeemable convertible preferred stock, net   17,712
Proceeds from issuance of common stock in public offering, net 46,277  
Long-term borrowings, net 3,089 3,995
Payments of initial public offering costs   (595)
Proceeds from exercise of stock options 221 53
Proceeds from exercise of warrants   16
Repayments of long-term debt (938)  
Net cash provided by financing activities 48,649 21,181
Net increase in cash and cash equivalents 20,720 10,935
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 81,771 24,341
Supplemental disclosure for cash flow    
Cash paid for interest 357 161
Supplemental disclosure of non-cash investing and financing activities    
Accrued interest on term loan refinanced to principal 308  
Conversion of convertible promissory notes into redeemable convertible preferred stock   19,778
Issuance of warrants in conjunction with debt 296 2,822
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   95
Warrant liability converted to redeemable convertible preferred stock upon the exercise of warrants   1,196
Deferred initial public offering costs included in accounts payable and accrued expenses   $ 1,623
Purchases of property and equipment included in accounts payable $ 6