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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,222) $ (8,234)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 6 21
Accretion of discount on marketable securities 25 0
Change in fair value of derivative liability 0 11
Change in fair value of warrant liability 0 (223)
Amortization of discounts and financing costs 0 551
Stock-based compensation 856 683
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 512 (165)
Accounts payable (1,679) 3,053
Accrued liabilities (135) 865
Deferred revenue (1,653) (6,064)
Net cash used in operating activities (11,290) (9,502)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of marketable securities 4,500 0
Capital expenditures 0 (4)
Net cash provided by (used in) investing activities 4,500 (4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock and warrants 20,669 0
Proceeds from the issuance of note payable 437 0
Proceeds from the exercise of warrants 22 0
Proceeds from issuance of convertible promissory notes 0 5,127
Payments of principal of note payable 0 (1,609)
Net cash provided by financing activities 21,128 3,518
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 14,338 (5,988)
CASH AND CASH EQUIVALENTS—BEGINNING 7,232 8,067
CASH AND CASH EQUIVALENTS—ENDING 21,570 2,079
Supplement Disclosure of Cash Flow Information:    
Interest paid 0 234
Supplement Disclosure of Non-Cash Investing and Financing Activities:    
Reduction of redeemable convertible preferred stock to redemption value 0 (10,376)
Warrants to purchase common stock issued with convertible promissory notes 0 1,029
Derivative liability issued with convertible promissory notes 0 996
Deferred financing costs included in accrued liabilities 0 154
Accretion of redeemable convertible preferred stock issuance costs $ 0 $ 20