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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Cash flows from operating activities    
Net loss $ (10,814) $ (7,338)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 128 121
Stock-based compensation expense 1,188 1,074
Realized gain from sale of marketable securities (70) (29)
Non-cash operating lease expense 8 1
Amortization of premium on marketable securities 68 35
Foreign currency exchange (gain) loss (432) 454
Changes in operating assets and liabilities:    
Research and development tax credit receivable 4,462 (2,060)
Prepaid expenses and other current assets 1,301 561
Accounts payable 35 392
Accrued expenses 538 (1,117)
Deferred revenue   (3,369)
Net cash used in operating activities (3,588) (11,275)
Cash flows from investing activities    
Purchases of marketable securities (9,807) (19,646)
Sales and maturities of marketable securities 15,342 18,214
Acquisition of property and equipment (22) (98)
Net cash provided by (used in) investing activities 5,513 (1,530)
Cash flows from financing activities    
Issuance of common stock, net of offering expenses   11,422
Issuance of common stock from equity incentive plans 46 32
Finance lease principal payments   (54)
Net cash provided by financing activities 46 11,400
Effect of exchange rate changes on cash and cash equivalents 254 (494)
Net increase (decrease) in cash and cash equivalents 2,225 (1,899)
Cash and cash equivalents at beginning of period 15,789 32,006
Cash and cash equivalents at end of period $ 18,014 30,107
Supplemental disclosures of cash flow information:    
Acquisition of property and equipment in accounts payable   $ 47