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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (7,952) $ (6,038)
Reconciliation of net loss to net cash used in operating activities:    
Non-cash items 341 416
Accretion of discount/premium on investment securities 2 7
Services received in non-monetary exchange 8 6
Changes in assets and liabilities:    
Prepaid expenses and other current assets 669 354
Other assets   (25)
Right-of-use asset-operating 51 12
Accounts payable (501) 48
Accrued expenses 393 (1,313)
Other liabilities   (54)
Net cash used in operating activities (6,989) (6,587)
Investing activities    
Purchases of short-term investments (42,777) (47,015)
Sales and maturities of short-term investments 27,345 29,277
Net cash used in investing activities (15,432) (17,738)
Financing activities    
Proceeds from public offerings, net of issuance costs 24,564 18,635
Proceeds from at-the-market offering, net of issuance costs 1,060 2,045
Proceeds from exercise of common stock options and warrants   3
Net cash provided by financing activities 25,624 20,683
Net increase (decrease) in cash, cash equivalents and restricted cash 3,203 (3,642)
Cash, cash equivalents and restricted cash, beginning of period 10,376 15,407
Cash, cash equivalents and restricted cash, end of period 13,579 11,765
Non-cash investing activities:    
Fixed asset purchases included in accounts payable 9  
Non-cash financing activities    
Public offering issuance costs included in current liabilities $ 5 $ 130