Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (11,722) $ (4,137)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 281 87
Stock-based compensation 1,114 76
Loss on disposal of property and equipment 97  
Changes in operating assets and liabilities    
Prepaid expenses & other current assets (949) (715)
Other assets 61 1
Accounts payable & accrued liabilities 548 370
Other liabilities, current (8) (2)
Deferred rent (137) 5
Net cash used in operating activities (10,715) (4,315)
Cash flows from investing activities:    
Purchases of property and equipment (915)  
Purchases of marketable securities (16,412)  
Proceeds from sale of property and equipment 10  
Net cash used in investing activities (17,317)  
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 78,782  
Proceeds from issuance of preferred stock, net of issuance costs   42,414
Proceeds from the exercise of stock options 213  
Net cash provided by financing activities 78,995 42,414
Effect of exchange rate changes on cash and cash equivalents and restricted cash (36) 45
Net increase in cash, cash equivalents and restricted cash 50,927 38,144
Cash, cash equivalents and restricted cash at the beginning of period 51,046 9,760
Cash, cash equivalents and restricted cash at the end of period 101,973 47,904
Supplemental disclosures of noncash financing information:    
Reclassification of employee stock liability to equity upon vesting 24 $ 12
Addition of tenant improvement paid by landlord 2,703  
Purchase of property and equipment in accounts payable 35  
Conversion of redeemable convertible preferred stock into common stock 77,931  
Unpaid initial public offering costs $ 1,141