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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net loss $ (11,846,000) $ (10,960,000)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation 196,000 61,000
Amortization of discount on available-for-sale securities (4,000) (14,000)
Foreign currency remeasurement loss (1,000) (25,000)
Stock-based compensation 881,000 1,743,000
Changes in:    
Prepaid expenses and other assets 750,000 396,000
Operating lease right-of-use asset 132,000
Interest receivable 5,000 4,000
Accounts payable and accrued expenses (1,023,000) (7,009,000)
Operating lease liability (132,000)
Net cash used in operating activities (11,042,000) (15,804,000)
Investing activities    
Purchases of available-for-sale investments (10,957,000)
Proceeds from maturities of available-for-sale investments 2,500,000 15,990,000
Proceeds from sale of available-for-sale investments 1,999,000
Purchase of property and equipment (16,000) (21,000)
Net cash provided by investing activities 2,484,000 7,011,000
Financing activities    
Proceeds from issuance of common stock under ESPP 84,000
Net cash provided by financing activities 84,000
Effect of exchange rate changes on cash 24,000
Decrease in cash, cash equivalents and restricted cash (8,558,000) (8,685,000)
Cash, cash equivalents and restricted cash, beginning of period 19,393,000 21,192,000
Cash, cash equivalents and restricted cash, end of period $ 10,835,000 $ 12,507,000