Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Statements of Cash Flows

v3.19.2
Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (31,311) $ (14,761)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 59 2
Stock-based compensation expense 938 893
Accretion of investment discount (89) (122)
Amortization of debt issuance costs and discount 573 212
Change in fair value of warrant liabilities 4,473 (680)
Change in fair value of derivative liability 2,101 0
Amortization of operating lease right-of-use asset 81 0
Loss on extinguishment of debt 1,045 0
Changes in operating assets and liabilities:    
Prepaid expenses, deferred costs, and other 6,504 (200)
Accounts payable, accrued expenses, and other 1,488 (1,332)
Deferred revenue (121) (129)
Net cash used in operating activities (14,259) (16,117)
Cash flows from investing activities:    
Maturities of investments 43,202 30,156
Purchases of property and equipment 0 (410)
Purchases of investments (26,585) (46,082)
Net cash provided by (used in) investing activities 16,617 (16,336)
Cash flows from financing activities:    
Proceeds from common stock issued 6,761 30,192
Payments of offering costs and underwriting discounts and commissions (203) (2,131)
Proceeds from employee stock purchase plan issuance 21 20
Proceeds from senior convertible notes 16,000 0
Payments of senior convertible notes issuance costs (1,253) 0
Payment of loan payable expected to be refinanced (15,973) 0
Net cash provided by financing activities 5,353 28,081
Net increase (decrease) in cash, cash equivalents, and restricted cash 7,711 (4,372)
Cash, cash equivalents, and restricted cash at beginning of period 11,767 11,469
Cash, cash equivalents, and restricted cash at end of period 19,478 7,097
Supplemental cash flow information:    
Cash paid for interest 411 901
Cash received for interest 540 359
Noncash financing and investing activities:    
Operating lease liabilities arising from obtaining right-of-use assets 3,365 0
Deferred offering costs reclassified to additional-paid-in capital 4 84
Common stock issued for settlement of senior convertible notes $ 2,984 $ 0