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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:      
Net loss   $ (33,158) $ (18,749)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization expense   390 66
Stock-based compensation expense   3,118 566
Amortization of deferred offering costs     22
Impairment loss of property and equipment     235
Deferred rent expense   (81) (23)
Change in fair value of preferred stock warrant liability $ 150   162
Change in fair value of derivative liability 1,042   1,629
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets   (4,121) (768)
Other assets   (57) (300)
Accounts payable   26 3,029
Accrued expenses and other current liabilities   (1,820) (98)
Net cash used in operating activities   (35,703) (14,229)
Cash flows from investing activities:      
Change in restricted cash     24
Purchases of property and equipment   (741) (424)
Net cash used in investing activities   (741) (400)
Cash flows from financing activities:      
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs     58,258
Proceeds from exercise of stock options   490  
Proceeds from issuance of common shares upon completion of initial public offering costs, net of offering costs     105,423
Net cash provided by financing activities   490 163,681
Net (decrease) increase in cash, cash equivalents and restricted cash   (35,954) 149,052
Cash, cash equivalents and restricted cash at beginning of period   126,794 5,963
Cash, cash equivalents and restricted cash at end of period 155,015 90,840 155,015
Supplemental disclosure of non-cash investing and financing activities:      
Purchases of property and equipment included in accounts payable and accrued expenses   10 756
Property and equipment held for sale     19
Deferred offering costs included in accrued expenses   180 1,241
Purchase of property and equipment paid for by landlord     842
Accretion of issuance costs related to redeemable convertible preferred stock     2,240
Reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:      
Cash and cash equivalents 154,991 90,348 154,991
Long-term restricted cash (included in other assets) 24 492 24
Cash, cash equivalents and restricted cash at end of period $ 155,015 $ 90,840 $ 155,015