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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (39,501) $ (43,277)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,044 3,992
Change in deferred tax asset 1,412 (1,446)
Operating lease right-of-use asset amortization 887 903
Loss on early repayment of debt 585  
Depreciation and amortization 419 306
Amortization of debt issuance costs and accretion of debt discount 22  
Accretion of discount on marketable securities, net of premium amortization (243) (209)
Changes in operating assets and liabilities:    
Research and development tax incentive receivable (278)  
Receivable from collaboration partner - related party 3,758 (302)
Prepaid expenses and other assets (248) (1,804)
Accounts payable 73 (2,998)
Payable to collaboration partner - related party (259) (251)
Accrued expenses and other payables 382 (319)
Deferred revenue - related party (7,517) 33,344
Operating lease liability (958) (931)
Other liability 92  
Net cash used in operating activities (37,330) (12,992)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of marketable securities 104,583 44,400
Purchase of marketable securities (66,753) (52,459)
Purchases of property and equipment (271) (1,058)
Net cash provided by (used in) investing activities 37,559 (9,117)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from public offering of common stock, net of issuance costs 105,689  
Proceeds from at-the-market offering, net of issuance costs 16,834 10,543
Proceeds from issuance of common stock upon under equity incentive and employee stock purchase plans 991 477
Issuance costs related to long-term debt (14)  
Early repayment of long-term debt (10,524)  
Net cash provided by financing activities 112,976 11,020
Effect of exchange rate changes on cash, cash equivalents and restricted cash 31 (1)
Net increase (decrease) in cash, cash equivalents and restricted cash 113,236 (11,090)
Cash, cash equivalents and restricted cash, beginning of period 33,466 82,693
Cash, cash equivalents and restricted cash, end of period 146,702 71,603
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING AND INVESTING INFORMATION:    
Purchases of property and equipment in accounts payable and accrued liabilities 21 82
Tenant improvement allowance reimbursement   $ 469
Public Offering | Accrued liabilities and other payables    
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING AND INVESTING INFORMATION:    
Issuance costs 233  
Public Offering | Prepaid expenses and other assets    
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING AND INVESTING INFORMATION:    
Issuance costs 125  
At-the-market offering | Prepaid expenses and other assets    
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING AND INVESTING INFORMATION:    
Issuance costs $ 191