| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net loss | ||||||||||||
- | - | - | - | - | -33,285 | 0 | 0 | 0 | - | - | - | - |
Net loss | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||||
Stock-based compensation expense | ||||||||||||
2,401 | 2,050 | 1,674 | 1,181 | 893 | 759 | 336 | 411 | 438 | 492 | 0 | 0 | 0 |
Depreciation and amortization expense | ||||||||||||
119 | 103 | 97 | 96 | 97 | 103 | 0 | 26 | 49 | 71 | 0 | 0 | 0 |
Non-cash lease expense | ||||||||||||
608 | 569 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Accretion of debt discount | ||||||||||||
661 | 695 | 656 | 462 | 278 | 152 | -1,338 | -1,161 | -757 | 157 | 0 | 0 | 0 |
Non-cash rent expense | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Loss on extinguishment of debt | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Change in fair value of preferred stock warrant liability | ||||||||||||
-183 | 105 | 3,511 | 3,466 | 3,183 | 3,487 | 0 | 0 | 0 | - | - | - | - |
Change in fair value of derivative liability | ||||||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | -565 | - | 0 | 0 | 0 |
Other | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Grant and incentive receivables | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Prepaid expenses, other current assets and research and development incentive receivable | ||||||||||||
165 | -109 | 62 | 198 | 486 | -279 | -75 | -2,600 | -2,524 | -402 | 0 | 0 | 0 |
Accounts payable | ||||||||||||
-4,884 | -2,752 | -2,033 | 210 | 3,202 | 1,307 | -3,302 | -1,211 | -3,071 | -1,169 | 0 | 0 | 0 |
Accrued expenses | ||||||||||||
1,564 | 160 | -220 | -61 | -763 | 1,549 | 520 | 428 | 505 | 1,409 | 0 | 0 | 0 |
Lease liabilities | ||||||||||||
-762 | -753 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Unearned income | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Net cash used in operating activities | ||||||||||||
-51,832 | -48,055 | -45,548 | -39,497 | -30,988 | -25,420 | 0 | 0 | 0 | - | - | - | - |
Cash flows from investing activities: | ||||||||||||
Cash, cash equivalents and restricted cash acquired in connection with the Merger | ||||||||||||
0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in operating activities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Acquisition of property, equipment and intangible assets | ||||||||||||
729 | 174 | 0 | 0 | 0 | - | - | - | - | 378 | 0 | 0 | 0 |
Net cash provided by investing activities | ||||||||||||
271 | 27,232 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash flows from financing activities: | ||||||||||||
Proceeds from exercise of stock options and warrants | ||||||||||||
775 | 792 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from borrowings under loan and security agreements, net of issuance costs | ||||||||||||
0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Proceeds from issuance of Series B convertible preferred stock, net of issuance costs | ||||||||||||
- | - | - | - | - | - | - | - | - | 27,413 | 0 | 0 | 0 |
Repurchase of Series Seed convertible preferred stock | ||||||||||||
- | - | - | - | - | 1,126 | 0 | 0 | 0 | - | - | - | - |
Repayments of borrowings under loan and security agreement | ||||||||||||
- | - | - | - | - | 6,380 | -250 | -165 | -82 | 0 | 0 | 0 | 0 |
Payments of issuance costs of convertible promissory notes | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Payments of issuance costs of convertible preferred stock | ||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||||||||
145,532 | 140,661 | 85,405 | 95,814 | 8,643 | 6,870 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||
-263 | -250 | 0 | 0 | 0 | - | - | - | - | 0 | 0 | 0 | 0 |
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||||||||
93,708 | 119,588 | 66,802 | 82,711 | 4,040 | -18,550 | -33,404 | -31,800 | 3,071 | 11,733 | 0 | 0 | 0 |
Supplemental disclosure of cash flow information | ||||||||||||
Cash paid for interest | ||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - |
Supplemental disclosure of non-cash investing and financing activities: | ||||||||||||
Issuance costs not yet paid | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Conversion of convertible preferred stock into common stock | ||||||||||||
0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Conversion of redeemable common stock into common stock | ||||||||||||
0 | 734 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchases of property and equipment included in accounts payable and accrued expenses | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Derivative liability in connection with issuance of convertible promissory notes | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Conversion of convertible preferred stock warrants into common stock warrants | ||||||||||||
0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Fair value of net assets acquired in the Merger | ||||||||||||
-26,406 | 19,952 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Accretion of redeemable convertible preferred stock to redemption value | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |