| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-92,877 | -46,037 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
5,317 | 2,354 | |||||
Share-based compensation | ||||||
8,940 | 2,453 | |||||
Loss on disposal of property, equipment, and software | ||||||
-22 | -14 | |||||
Non-cash interest expense | ||||||
182 | - | |||||
Change in fair value of convertible notes payable | ||||||
9,758 | - | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses | ||||||
584 | 7,476 | |||||
Accounts receivable | ||||||
441 | 523 | |||||
Other assets and other current assets | ||||||
-1,032 | 448 | |||||
Accounts payable | ||||||
667 | -673 | |||||
Accrued other expenses and other current liabilities | ||||||
4,835 | 1,790 | |||||
Deferred revenue | ||||||
-7,866 | -3,177 | |||||
Net cash used in operating activities | ||||||
-71,015 | -51,723 | |||||
Cash flows from investing activities: | ||||||
Acquisition of license rights | ||||||
- | 1,400 | |||||
Purchases of property, equipment and software | ||||||
24,666 | 14,278 | |||||
Proceeds from disposal of property, equipment, and software | ||||||
- | 15 | |||||
Net cash used in investing activities | ||||||
-24,666 | -15,663 | |||||
Cash flows from financing activities: | ||||||
Proceeds from stock option exercises | ||||||
1,261 | 171 | |||||
Issuance of Series B convertible preferred stock, net of issuance costs | ||||||
- | 109,742 | |||||
Deferred offering costs | ||||||
2,622 | 2,136 | |||||
Issuance of convertible notes | ||||||
39,550 | - | |||||
Proceeds from IPO, net of underwriting discounts and commissions | ||||||
135,185 | - | |||||
Net cash provided by financing activities | ||||||
173,374 | 107,777 | |||||
Net increase (decrease) in cash and cash equivalents | ||||||
77,693 | 40,391 | |||||
Supplemental disclosures of noncash financing and investing activities: | ||||||
Common stock issued on conversion of convertible notes payable | ||||||
49,490 | - | |||||
Property, equipment and software additions included in accounts payable, accrued expenses and other current liabilities | ||||||
401 | 1,340 | |||||
Deferred offering costs included in accounts payable, accrued expenses and other current liabilities | ||||||
168 | 406 | |||||