Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net loss $ (8,765) $ (4,383)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,137 979
Issuance of common shares - Founders Agreement 641 0
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 635 (147)
Other receivables - related party (13) 128
Accounts payable and accrued expenses 1,158 635
Net cash used in operating activities (5,207) (2,788)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock, net of offering costs of $2,167 and $0, respectively 20,845 0
Net cash provided by financing activities 20,845 0
Net increase (decrease) in cash and cash equivalents 15,638 (2,788)
Cash and cash equivalents at beginning of period 19,225 35,086
Cash and cash equivalents at end of period 34,863 32,298
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common shares - Founders Agreement $ 2,296 $ 3,919