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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (27,720) $ (21,560)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 911 962
Stock-based compensation expense 3,616 865
Gain on disposal of property and equipment   3
Net amortization of premiums and accretion discounts on investments (4) (143)
Change in fair value of redeemable convertible preferred stock tranche liability and TRDF liability   (2,024)
Change in fair value of redeemable convertible preferred stock warrant liability 897 (62)
Amortization of deferred debt issuance costs 84  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (5,000) 837
Other non-current assets (1,560) 19
Accounts payable 1,442 244
Contract liabilities — related party (2,493) 974
Deferred rent (119) (111)
Accrued and other current liabilities 1,738 (627)
Other liabilities 1  
Net cash used in operating activities (28,207) (20,623)
Cash flows from investing activities    
Cash and restricted cash acquired in connection with the Merger 64,114  
Purchases of marketable debt securities (5,700) (60,056)
Proceeds from maturities of marketable debt securities 44,985 17,750
Purchases of property and equipment (630) (611)
Net cash provided by (used in) investing activities 102,769 (42,917)
Cash flows from financing activities    
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs   77,044
Proceeds from exercise of stock options 193 24
Deferred debt issuance costs (157)  
Net cash provided by financing activities 36 77,068
Net change in cash, cash equivalents and restricted cash 74,598 13,528
Cash, cash equivalents and restricted cash, at the beginning of period 14,889 13,757
Cash, cash equivalents and restricted cash, at the end of period 89,487 27,285
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets:    
Cash, cash equivalents and restricted cash in condensed consolidated balance sheets 89,487 27,285
Supplemental cash flow information    
Cash paid for income taxes 3 1
Supplemental disclosures of noncash investing and financing activities    
Purchases of property and equipment included in accounts payable 76 58
Conversion of redeemable convertible preferred stock warrants to common stock warrants 114,083  
Conversion of redeemable convertible preferred stock warrants into common stock warrants 2,922  
Fair value of net assets acquired in Merger 84,142  
Vesting of early exercised stock options   47
Issuance of redeemable convertible preferred stock warrants in connection with the Loan Agreement $ 144  
Termination of redeemable convertible preferred stock tranche liability   1,143
Settlement of TRDF liability   88
Series B Redeemable Convertible Preferred Stock    
Supplemental disclosures of noncash investing and financing activities    
Redeemable convertible preferred stock warrants issued in exchange for services in connection with issuance of Series B redeemable convertible preferred stock recorded as issuance costs   $ 2,131