Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

v3.19.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (39,252) $ (14,410)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 85 19
Stock-based compensation expense 1,387 1,351
Accretion of investment discount (61) (119)
Amortization of debt issuance costs and discount 879 314
Change in fair value of warrant liabilities 2,643 (7,611)
Deferred offering costs write off 0 230
Change in fair value of derivative liability (223) 0
Amortization of operating lease right-of-use asset 127 0
Loss on extinguishment of debt 1,045 0
Changes in operating assets and liabilities:    
Prepaid expenses, deferred costs, and other 6,485 323
Accounts payable, accrued expenses, and other 2,345 (2,169)
Deferred revenue (121) (193)
Net cash used in operating activities (24,661) (22,265)
Cash flows from investing activities:    
Maturities of investments 54,700 61,042
Purchases of property and equipment 0 (477)
Purchases of investments (38,504) (61,963)
Net cash provided by (used in) investing activities 16,196 (1,398)
Cash flows from financing activities:    
Proceeds from common stock issued 10,069 30,699
Payments of offering costs and underwriting discounts and commissions (302) (2,136)
Proceeds from common stock issuance under stock option and employee stock purchase plans 49 39
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 8,590 28,602
Net increase in cash, cash equivalents, and restricted cash 125 4,939
Cash, cash equivalents, and restricted cash at beginning of period 11,767 11,469
Cash, cash equivalents, and restricted cash at end of period 11,892 16,408
Supplemental cash flow information:    
Cash paid for interest 850 1,176
Cash received for interest 736 601
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 6 84
Common stock issued for settlement of senior convertible notes $ 2,984 $ 0