Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

v3.20.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:    
Net loss $ (24,714) $ (36,367)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 3,121 1,994
Issuance of common shares - Founders Agreement 738 815
Common shares issuable - Founders Agreement 2,510 1,748
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 509 485
Other receivables - related party 1,506 (1,201)
Accounts payable and accrued expenses (5,043) 6,721
Net cash used in operating activities (21,373) (25,805)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock - At-the-market offering 8,011 7,981
Offering costs for the issuance of common stock - At-the-market offering (198) (234)
Proceeds from issuance of common stock Public offering 19,560 23,012
Offering costs for the issuance of common stock - Public offering (1,918) (2,184)
Net cash provided by financing activities 25,455 28,575
Net increase in cash and cash equivalents 4,082 2,770
Cash and cash equivalents at beginning of period 21,995 19,225
Cash and cash equivalents at end of period 26,077 21,995
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement 1,748 2,296
Issuance of common shares - Public offering (offering costs incurred but not paid) $ 69 $ 0