XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (34,718) $ (29,305)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 8,757 5,596
Depreciation and amortization 786 570
Bad debt expense 235 0
Accretion on marketable securities (16) (1,288)
Realized gain on marketable securities (43) 0
Amortization of debt issuance costs 204 194
Loss on extinguishment of debt 1,534 0
Loss on sale and disposal of property and equipment 248 152
Changes in operating assets and liabilities:    
Accounts receivable 63 (1,383)
Inventory 337 (1,575)
Prepaid expenses and other assets 1,489 394
Accounts payable 416 526
Accrued liabilities and other (2,072) 3,525
Net cash used in operating activities (22,780) (22,594)
Cash flows from investing activities    
Maturities of marketable securities 63,200 117,100
Sales of marketable securities 12,592 0
Purchases of marketable securities (69,145) (107,545)
Purchases of property and equipment (1,744) (1,639)
Net cash provided by investing activities 4,903 7,916
Cash flows from financing activities    
Proceeds from follow-on public offering, net of underwriting discounts, commissions and offering costs 62,978 0
Proceeds from debt financing 45,297 0
Principal repayments of debt financing (45,297) 0
Payments of debt issuance costs (750) 0
Payments of prepayment penalty and lender fees (843) 0
Proceeds from issuance of common stock under employee stock purchase plan 991 1,263
Proceeds from the exercise of stock options 987 1,178
Repurchase of Unvested Stock Options 0 (38)
Payments of additional initial public offering related costs 0 (167)
Net cash provided by financing activities 63,363 2,236
Effect of exchange rate changes on cash and cash equivalents 75 (64)
Net increase (decrease) in cash and cash equivalents 45,561 (12,506)
Cash and cash equivalents at    
Beginning of period 10,435 25,120
End of period 55,996 12,614
Supplemental disclosure of non-cash information    
Vesting of early exercised stock options 62 161
Unpaid purchases of property and equipment $ 256 $ 31