XML 55 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net loss $ (107,500) $ (33,693) $ (29,029)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 219 208 285
Share-based compensation 1,237 1,283 1,381
Change in fair value of contingent consideration 71,620 8,800 9,100
Gain on sale of equipment 0 (5) (108)
Other 0 0 (5)
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (5,188) (913) 164
Accounts payable 535 460 (760)
Accrued expenses and other liabilities 1,556 1,031 1,746
Deferred revenue 0 0 (425)
Due to related party 0 0 (114)
Net Cash Used in Operating Activities (37,521) (22,829) (17,765)
Cash Flows from Investing Activities:      
(Purchases) sales of property and equipment 136 2  
(Purchases) sales of property and equipment     98
Net Cash (Used in) Provided by Investing Activities (136) (2) 98
Cash Flows from Financing Activities:      
Proceeds from issuance of common stock and common stock warrants, net of issuance costs 27,833 50,971 6,908
Proceeds from exercises of common stock warrants 5,481 7,315 45
Proceeds from issuance of common stock under ATM Offering, net of issuance costs 1,936 0 0
Proceeds from exercises of stock options 98 277 40
Proceeds from sales of common stock under 2014 ESPP 8 20 12
Net Cash Provided by Financing Activities 35,356 58,583 7,005
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (2,301) 35,752 (10,662)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 50,442 14,690 25,352
Cash, Cash Equivalents and Restricted Cash - End of Period 48,141 50,442 14,690
Supplemental disclosure of non-cash operating activities:      
Right-of-use assets related to the adoption of ASC 842 236    
Cash paid for amounts included in the measurement of lease liabilities 153    
Supplemental disclosure of non-cash investing activities:      
Adjustment to fair value of assets acquired and liabilities assumed in acquisition during provisional period 0 0 14,600
Supplemental disclosure of non-cash financing activities:      
Issuance of pre-funded warrants to purchase common stock $ 0 $ 0 $ 2,679