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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (60,925) $ (41,662)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 750 409
Non-cash lease cost 408  
Loss on disposal of fixed assets 184 248
Gain on settlement of derivative liability (223)  
Share-based compensation 3,776 2,749
Realized (gain) loss on investments (1)  
Unrealized foreign currency transaction (gain) loss (18) 373
Accretion of discount on marketable securities (750) (671)
Changes in operating assets and liabilities:    
Other receivables (7,384) 635
Prepaid expenses and other current assets 2,654 (5,497)
Tax incentive receivables 299 770
Other assets (2,912) (1,192)
Accounts payable 564 84
Accrued expenses and other current liabilities 13,610 3,575
Deferred rent   554
Other long-term liabilities (52)  
Net cash used in operating activities (50,020) (39,625)
Cash flows from investing activities:    
Purchases of marketable securities (88,993) (130,175)
Proceeds from maturities of marketable securities 118,837 49,455
Purchases of property and equipment (314) (2,436)
Net cash provided by (used in) investing activities 29,530 (83,156)
Cash flows from financing activities:    
Proceeds from equity offering 15,790  
Proceeds from stock option exercises 508 335
Net cash provided by financing activities 16,140 69,523
Net increase (decrease) in cash and cash equivalents (4,350) (53,258)
Cash, cash equivalents and restricted cash at beginning of period 34,080 87,338
Cash, cash equivalents and restricted cash at end of period 29,730 34,080
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses   54
2018 Equity Offering [Member]    
Cash flows from financing activities:    
Proceeds from equity offering   70,500
Payment of offering costs   (996)
2018 Registration Statement and At-the-Market Facility [Member]    
Cash flows from financing activities:    
Payment of offering costs $ (158) $ (316)