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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 $ (60,815,000) $ (12,921,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 107,000 101,000
Stock-based compensation expense 682,000 686,000
Loss from change in fair value of contingent consideration 43,000,000 2,700,000
Gain on sale of equipment 0 (5,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,487,000) (426,000)
Accounts payable 809,000 403,000
Accrued expenses and other liabilities 961,000 (517,000)
Net cash used in operating activities (16,743,000) (9,979,000)
Investing activities    
Purchases (sales) of equipment (43,000)  
Purchases (sales) of equipment   5,000
Net cash (used in) provided by investing activities (43,000) 5,000
Financing activities    
Proceeds from exercise of common stock options 45,000 29,000
Proceeds from issuance of common stock and the issuance and exercise of common stock warrants, net of issuance costs 31,243,000 58,226,000
Proceeds from sale of common stock pursuant to 2014 ESPP 7,000 10,000
Net cash provided by financing activities 31,295,000 58,265,000
Net increase in cash, cash equivalents and restricted cash 14,509,000 48,291,000
Cash, cash equivalents and restricted cash at beginning of period 50,442,000 14,690,000
Cash, cash equivalents and restricted cash at end of period 64,951,000 62,981,000
Supplemental non-cash operating activities    
Right-of-use assets obtained in exchange for operating lease liability 236,480,000 0
Cash paid for amounts included in the measurement of lease liabilities 76,071,000 0
Capital Expenditures Incurred but Not yet Paid $ 119,000 $ 0