Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.19.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net loss $ (5,890) $ (8,765)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 798 1,137
Issuance of common shares - Founders Agreement 9 641
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 308 635
Other receivables - related party 1,455 (13)
Accounts payable and accrued expenses (4,883) 1,158
Net cash used in operating activities (8,203) (5,207)
Cash Flows from Financing Activities:    
Proceeds from Issuance of Common Stock 0 23,012
Offering costs for the issuance of common stock 0 (2,167)
Issuance of common shares - At-the-market offering 365 0
Offering costs for the issuance of common shares - At-the-market offering (10) 0
Net cash provided by financing activities 355 20,845
Net (decrease) increase in cash and cash equivalents (7,848) 15,638
Cash and cash equivalents at beginning of period 21,995 19,225
Cash and cash equivalents at end of period 14,147 34,863
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement $ 1,748 $ 2,296