| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net loss | ||||||
-67,484 | -37,940 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
1,697 | 1,409 | |||||
Loss on disposal of property and equipment | ||||||
-122 | -1 | |||||
Stock-based compensation | ||||||
6,056 | 1,419 | |||||
Preferred stock warrant liability revaluation | ||||||
123 | 33 | |||||
Accretion of discount on investments | ||||||
800 | - | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
2,394 | 1,370 | |||||
Accounts payable | ||||||
826 | 698 | |||||
Accrued expenses | ||||||
2,465 | 1,085 | |||||
Other current liabilities | ||||||
160 | - | |||||
Deferred rent | ||||||
691 | -35 | |||||
Net cash used in operating activities | ||||||
-58,538 | -34,700 | |||||
Cash Flows from Investing Activities | ||||||
Purchase of property and equipment | ||||||
3,447 | 1,764 | |||||
Purchase of investments | ||||||
99,646 | - | |||||
Proceeds from maturities of investments | ||||||
75,000 | 22,398 | |||||
Change in deposits | ||||||
-189 | -24 | |||||
Net cash used in investing activities | ||||||
-27,904 | 20,658 | |||||
Cash Flows from Financing Activities | ||||||
Proceeds from issuance of convertible preferred stock, net | ||||||
- | 120,306 | |||||
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan | ||||||
133 | - | |||||
Proceeds from exercise of stock options | ||||||
303 | 46 | |||||
Proceeds from initial public offering, net | ||||||
133,633 | - | |||||
Principal payments on capital lease obligations | ||||||
47 | 48 | |||||
Payments of initial offering costs | ||||||
2,800 | - | |||||
Net cash provided by (used in) financing activities | ||||||
131,174 | 120,304 | |||||
Net change in cash, cash equivalents and restricted cash | ||||||
44,732 | 106,262 | |||||
Supplemental Disclosure of Cash Flow Information | ||||||
Cash paid for interest | ||||||
6 | 9 | |||||
Cash paid for income taxes | ||||||
1 | -1 | |||||
Supplemental Schedule of Non-Cash Investing and Financing Activities | ||||||
Conversion of redeemable convertible preferred stock to common stock | ||||||
209,668 | - | |||||
Reclassification of redeemable convertible preferred stock warrant liability to additional paid-in capital | ||||||
503 | - | |||||
Vesting of early exercised common stock options | ||||||
15 | - | |||||