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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (12,043) $ (9,569)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 336 293
Net amortization of premiums and discounts on marketable securities 5 (236)
Stock-based compensation 758 383
Loss on sale of property and equipment 2 3
Gain on sales of marketable securities (2) (1)
Changes in assets and liabilities    
Prepaid expenses and other assets 1,097 (151)
Right-of-use assets 229 256
Accounts payable (36) 242
Accrued and other liabilities 384 (727)
Lease liabilities (275) (278)
Net cash used in operating activities (9,545) (9,785)
Cash flows from investing activities    
Purchases of property and equipment, net   (606)
Purchases of marketable securities (11,253) (19,326)
Maturities of marketable securities 22,159 39,340
Sales of marketable securities   6,000
Net cash provided by investing activities 10,906 25,408
Cash flows from financing activities    
Proceeds from exercise of common stock options 34 1
Payments of deferred offering costs   (827)
Net cash provided by (used in) financing activities 34 (826)
Net increase in cash, cash equivalents and restricted cash 1,395 14,797
Cash, cash equivalents and restricted cash, at beginning of period 34,173 20,611
Cash, cash equivalents and restricted cash, at end of period 35,568 35,408
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 35,462 35,302
Restricted cash 106 106
Cash, cash equivalents and restricted cash, at end of period 35,568 35,408
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1 1
Cash paid for interest 21 24
Supplemental non-cash investing and financing activities:    
Unpaid deferred offering costs   375
Vesting of early exercised options and restricted stock 16 74
Purchases of property and equipment in accounts payable and accrued liabilities $ 33 $ 481