Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.19.2
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net loss $ (10,682) $ (15,404)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,611 1,209
Issuance of common shares - Founders Agreement 106 641
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 405 1,329
Other receivables - related party 481 204
Accounts payable and accrued expenses (5,079) 283
Net cash used in operating activities (13,158) (11,738)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock 0 23,012
Offering costs for the issuance of common stock 0 (2,195)
Proceeds from issuance of common stock - At-the-market offering 4,483 0
Offering costs for the issuance of common stock - At-the-market offering (115) 0
Net cash provided by financing activities 4,368 20,817
Net (decrease) increase in cash and cash equivalents (8,790) 9,079
Cash and cash equivalents at beginning of period 21,995 19,225
Cash and cash equivalents at end of period 13,205 28,304
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement $ 1,748 $ 2,296