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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net loss $ (22,397) $ (107,500) $ (33,693)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 122 219 208
Share-based compensation 1,757 1,237 1,283
Change in fair value of contingent consideration (11,180) 71,620 8,800
Gain on sale of equipment 0 0 (5)
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (1,304) (5,188) (913)
Accounts payable 1,200 535 460
Accrued expenses and other liabilities (2,035) 1,556 1,031
Deferred revenue 3,000 0 0
Net Cash Used in Operating Activities (30,837) (37,521) (22,829)
Cash Flows from Investing Activities:      
Purchases of property and equipment (8) (136) (2)
Net Cash Used in Investing Activities (8) (136) (2)
Cash Flows from Financing Activities:      
Proceeds from issuance of common stock and common stock warrants, net of issuance costs 0 27,833 50,971
Proceeds from exercises of common stock warrants 131 5,481 7,315
Proceeds from issuance of common stock under ATM Offering, net of issuance costs 37,958 1,936 0
Proceeds from exercises of stock options 13 98 277
Proceeds from sales of common stock under 2014 ESPP 11 8 20
Net Cash Provided by Financing Activities 38,113 35,356 58,583
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash 7,268 (2,301) 35,752
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 48,141 50,442 14,690
Cash, Cash Equivalents and Restricted Cash - End of Period 55,409 48,141 50,442
Cash and cash equivalents 52,389 48,121 50,422
Short term restricted cash 3,000 0 0
Long term restricted cash 20 20 20
Supplemental cash flow disclosure:      
Cash paid for amounts included in the measurement of lease liabilities 154 153 0
Right-of-use assets related to the adoption of ASC 842 0 236 0
Right-of-use assets obtained in exchange for lease obligations 290 0 0
Supplemental disclosure of non-cash financing activities:      
Deemed dividend on adjustment of exercise price on certain warrants $ 147 $ 0 $ 0