XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (33,577) $ (26,202)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 4,950 2,000
Depreciation and amortization 944 686
Change in fair value of warrant liability 0 5,381
Changes in operating assets and liabilities:    
Accounts receivable (2,685) 5,064
Research and development incentives receivable 937 (4,813)
Prepaid expenses and other current assets (773) (1,638)
Operating lease right-of-use assets 570 528
Other assets (719) (216)
Accounts payable 193 516
Accrued expenses and other current liabilities 1,030 (611)
Lease liabilities (193) (526)
Deferred revenue 27,782 (4,502)
Other long-term liabilities 369 639
Net cash used in operating activities (1,172) (23,694)
Cash used in investing activities:    
Purchases of property and equipment (716) (1,164)
Net cash used in investing activities (716) (1,164)
Cash flows from financing activities:    
Proceeds from the issuance of ADSs, net of issuance costs 46,373 56,957
Proceeds from the exercise of share options and sale of ordinary shares 98 21
Proceeds from the exercise of warrants 1 6
Proceeds from issuance of debt 15,000  
Payments of debt issuance costs (373)  
Net cash provided by financing activities 61,099 58,318
Effect of exchange rate changes on cash (1,486) (886)
Net increase in cash 57,725 32,574
Cash at beginning of period 92,117 63,380
Cash at end of period 149,842 95,954
Supplemental disclosure of cash flow information    
Cash paid for income taxes 124 73
Public offering costs accrued but not paid 50  
Cash paid for amounts included in the measurement of operating lease liabilities 823 447
Purchases of property and equipment included in accounts payable and accrued expenses 40  
Debt issuance costs accrued but not paid $ 200  
Conversion of convertible preferred shares to ordinary shares upon closing of the initial public offering   123,780
Reclassification of warrant liability to additional paid-in capital   10,021
Series B2 Convertible Preferred Shares    
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred shares, net of issuance costs   $ 1,334