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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net loss $ (19,683) $ (19,810)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 23 111
Stock-based compensation expense 1,227 1,340
Accretion of discount/premium on investment securities 9 (4)
Non-cash interest expense   38
Gain on disposal of property and equipment   (297)
Services received in non-monetary exchange 18 8
Changes in assets and liabilities:    
Prepaid expenses and other current assets (671) (120)
Other assets (25)  
Right-of-use asset-operating (36)  
Accounts payable 682 274
Accrued expenses (287) 267
Other liabilities (56) (3)
Net cash used in operating activities (18,799) (18,196)
Investing activities    
Purchases of short-term investments (123,355) (39,364)
Sales and maturities of short-term investments 122,777 16,000
Proceeds from sale of property and equipment   365
Net cash used in investing activities (578) (22,999)
Financing activities    
Proceeds from public offerings, net of issuance costs 18,505 38,885
Proceeds from at-the-market offering, net of issuance costs 3,289 8,313
Proceeds from exercise of common stock options and warrants 54 4
Payments on borrowing   (2,500)
Net cash provided by financing activities 21,848 44,702
Net increase in cash, cash equivalents and restricted cash 2,471 3,507
Cash, cash equivalents and restricted cash, beginning of period 15,407 16,482
Cash, cash equivalents and restricted cash, end of period 17,878 19,989
Supplemental disclosure of cash flow information    
Cash paid for interest   $ 79
Non-cash financing activities    
At-the-market issuance costs included in current liabilities $ 65