| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-32,968 | -19,270 | -4,539 | ||||
Reconciliation of net loss to net cash used in operating activities | ||||||
Depreciation and amortization | ||||||
156 | 17 | 1 | ||||
Stock-based compensation expense | ||||||
3,142 | 3,082 | 1,606 | ||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other assets | ||||||
1,190 | 539 | 1 | ||||
Accounts payable, accrued expenses and other | ||||||
3,580 | 3,201 | 737 | ||||
Net cash used in operating activities | ||||||
-27,280 | -13,509 | -2,196 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchases of equipment and leasehold improvements | ||||||
870 | 340 | - | ||||
Net cash used in investing activities | ||||||
-870 | -340 | - | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from issuance of common stock, net of issuance costs | ||||||
17,810 | 56,513 | 2,061 | ||||
Exercise of options | ||||||
22 | 7 | - | ||||
Net Parent Investment | ||||||
- | - | 214 | ||||
Deferred offering expense | ||||||
- | - | 70 | ||||
Payable to Parent for services | ||||||
- | -67 | 67 | ||||
Due to Parent | ||||||
179 | -555 | 440 | ||||
Note Payable — Parent | ||||||
- | -371 | 371 | ||||
Net cash provided by financing activities | ||||||
18,011 | 55,527 | 3,083 | ||||
Net (decrease) increase in cash and cash equivalents | ||||||
-10,139 | 41,678 | 887 | ||||
Supplemental cash flow information: | ||||||
Interest paid | ||||||
62 | 1 | - | ||||
Supplemental disclosure of non-cash Operating, Investing and Financing Activities: | ||||||
Deferred issuance costs, unpaid as of December 31, 2017 | ||||||
- | - | 391 | ||||
Deferred issuance costs reclassified to additional paid-in-capital upon completion of initial public offering | ||||||
- | 461 | - | ||||
Right-of-use asset obtained in exchange for new operating lease liability | ||||||
1,308 | - | - | ||||
Reclassification of net Parent Investment in the Company to accumulated deficit. | ||||||
- | - | 440 | ||||