Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.20.2
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net loss $ (7,926) $ (10,682)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,370 1,611
Issuance of common shares - Founders Agreement 66 106
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 144 405
Other receivables - related party (16) 481
Accounts payable and accrued expenses (339) (5,079)
Net cash used in operating activities (6,701) (13,158)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock - At-the-market offering 2,666 4,483
Offering costs for the issuance of common stock - At-the-market offering (62) (115)
Offering costs for the issuance of common shares - Public offering (69)  
Proceeds from the exercise of warrants 13  
Net cash provided by financing activities 2,548 4,368
Net increase in cash and cash equivalents (4,153) (8,790)
Cash and cash equivalents at beginning of period 26,077 21,995
Cash and cash equivalents at end of period 21,924 13,205
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement $ 2,510 $ 1,748