Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (7,642) $ (4,947)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 303 87
Stock-based compensation 901 126
Amortization of premiums and discounts on marketable securities (359)  
Loss on disposal of property and equipment   97
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (282) (641)
Other assets   39
Accounts payable and accrued liabilities 560 1,028
Other liabilities, current   149
Deferred rent   296
Operating lease liabilities (181)  
Net cash used in operating activities (6,700) (3,766)
Cash flows from investing activities:    
Purchases of property and equipment (34) (195)
Purchases of marketable securities (35,936)  
Maturities of marketable securities 36,946  
Net cash provided by (used in) investing activities 976 (195)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 4 25
Net cash provided by financing activities 4 25
Effect of exchange rate changes on cash and cash equivalents and restricted cash 8 (12)
Net decrease in cash, cash equivalents and restricted cash (5,712) (3,948)
Cash, cash equivalents and restricted cash at the beginning of period 24,182 51,046
Cash, cash equivalents and restricted cash at the end of period 18,470 47,098
Supplemental disclosures of noncash investing and financing information:    
Reclassification of employee stock liability to equity upon vesting 12 17
Addition of tenant improvement paid by landlord   2,054
Purchase of property and equipment in accounts payable $ 423 21
Deferred offering costs in accrued liabilities   $ 1,300