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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net loss $ (12,637) $ (29,401)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion on marketable securities 150 (625)
Depreciation and amortization expense 68 55
Stock-based compensation expense 1,734 1,607
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,080) (1,786)
Accounts payable (4,251) 5,197
Accrued liabilities (4,386) (1,263)
Other liabilities 19 (8)
Net cash used in operating activities (20,383) (26,224)
Investing activities:    
Purchases of property and equipment   (48)
Maturities of marketable securities 57,500 67,500
Purchases of marketable securities   (77,104)
Net cash provided by (used in) investing activities 57,500 (9,652)
Financing activities:    
Proceeds from public offering, net of issuance costs   49,748
Proceeds from at-the-market offering, net of issuance costs   627
Taxes paid related to net share settlement of restricted stock units (2) (9)
Net cash (used in) provided by financing activities (2) 50,366
Net increase in cash, cash equivalents and restricted cash 37,115 14,490
Cash, cash equivalents and restricted cash at beginning of period 34,019 6,881
Cash, cash equivalents and restricted cash at end of period 71,134 21,371
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable $ 2 11
Issuance costs associated with at-the-market offering included in accounts payable   $ 45