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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net loss $ (20,729) $ (29,964) $ (28,526)
Reconciliation of net loss to net cash used in operating activities:      
Depreciation 115 148 123
Amortization of premium/discount on available-for-sale securities (51) (2) 131
Unrealized loss on forward foreign currency contracts included in net income (127)
Foreign currency remeasurement (loss)/gain (25) (173) 76
Stock-based compensation 3,429 3,227 3,343
Changes in:      
Prepaid expenses and other assets 141 297 246
Interest receivable 49 (46) (26)
Accounts payable and accrued expenses (6,162) 4,161 1,073
Net cash used in operating activities (23,233) (22,352) (23,687)
Investing activities      
Purchases of available-for-sale investments (15,443) (32,942) (39,756)
Proceeds from maturities of available-for-sale investments 31,990 16,878 59,943
Proceeds from sale of available-for-sale investments 1,999
Purchase of property and equipment (119) (35) (271)
Net cash provided by (used in) investing activities 18,427 (16,099) 19,916
Financing activities      
Proceeds from issuance of common stock, net of issuance costs 2,853 1,288
Proceeds from the issuance of Series A Convertible Preferred Stock, net of issuance costs 21,523
Proceeds from issuance of common stock under ESPP 132 130 11
Exercise of stock options 108 197
Net cash provided by financing activities 2,985 23,049 208
Effect of exchange rate changes on cash 22 180 (76)
Decrease in cash, cash equivalents and restricted cash (1,799) (15,222) (3,639)
Cash, cash equivalents and restricted cash, beginning of period 21,192 36,414 40,045
Cash, cash equivalents and restricted cash, end of period 19,393 21,192 36,414
Supplemental disclosure of non-cash investing and financing activities      
Accretion of convertible preferred stock $ 6,747