| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities: | ||||||||
Net loss | ||||||||
-48,926 | -37,835 | -28,709 | -46,254 | -43,582 | -40,725 | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Depreciation and amortization | ||||||||
89 | 77 | 69 | 65 | 61 | 56 | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||
6,336 | 5,373 | 4,550 | 3,649 | 3,102 | 2,526 | 0 | 0 | 0 |
Amortization of debt discount and issuance costs | ||||||||
0 | - | - | - | - | - | - | - | - |
Accrued interest on Convertible Promissory Notes payable | ||||||||
- | - | - | - | - | 48 | 0 | 0 | 0 |
Change in fair value of derivative liability | ||||||||
0 | - | - | - | - | 100 | 0 | 0 | 0 |
Change in fair value of redeemable convertible preferred stock warrant liability | ||||||||
- | - | - | - | - | -2,628 | 0 | 0 | 0 |
Amortization of debt discount | ||||||||
- | - | - | - | - | 963 | 0 | 0 | 0 |
Loss on disposal of asset | ||||||||
- | -59 | 0 | 0 | 0 | - | - | - | - |
Changes in assets and liabilities: | ||||||||
Related party receivable | ||||||||
53 | 51 | 54 | 176 | -4 | -33 | 0 | 0 | 0 |
Prepaid expenses and other current assets | ||||||||
1,792 | 2,889 | 2,155 | 1,683 | 1,536 | 1,305 | 0 | 0 | 0 |
Other assets | ||||||||
4,070 | 5,708 | 6,224 | 3,383 | 1,730 | 752 | 0 | 0 | 0 |
Accounts payable | ||||||||
760 | 1,195 | 1,149 | 119 | 1,544 | 1,390 | 0 | 0 | 0 |
Accrued expenses and other liabilities | ||||||||
7,064 | 8,015 | 6,468 | 3,201 | 1,239 | 1,416 | 0 | 0 | 0 |
Related party payable | ||||||||
-84 | 60 | 166 | -187 | 80 | -116 | 0 | 0 | 0 |
Net cash used in operating activities | ||||||||
-40,417 | -31,648 | -24,739 | -44,635 | -37,518 | -33,301 | 0 | 0 | 0 |
Cash Flows From Investing Activities: | ||||||||
Purchases of property and equipment | ||||||||
0 | - | - | - | - | 150 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
0 | - | - | - | - | -150 | 0 | 0 | 0 |
Cash Flows From Financing Activities: | ||||||||
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | ||||||||
- | - | - | - | - | 63,875 | 0 | 0 | 0 |
Proceeds from issuance of Convertible Promissory Notes payable | ||||||||
- | - | - | - | - | 10,000 | 0 | 0 | 0 |
Proceeds from issuance of common stock upon exercise of stock options and restricted stock | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Payment of deferred offering costs | ||||||||
- | - | - | - | - | - | - | - | 0 |
Proceeds from the issuance of common stock in at-the-market offering | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Net cash provided by financing activities | ||||||||
90,146 | 65,885 | 24,146 | -598 | 159,349 | 185,101 | 0 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ||||||||
49,451 | 34,010 | -746 | -45,289 | 121,795 | 151,650 | 0 | 0 | 0 |
Other supplemental information | ||||||||
Interest paid | ||||||||
0 | - | - | - | - | - | - | - | - |
Supplemental disclosure of non-cash activities: | ||||||||
Lease liability arising from the right of use asset | ||||||||
- | 5,155 | 0 | 0 | 0 | - | - | - | - |
Vesting of restricted stock and early exercised options | ||||||||
147 | 149 | 147 | 211 | 190 | 170 | 0 | 0 | 0 |
Conversion of Convertible Promissory Notes payable and accrued interest into redeemable convertible preferred stock | ||||||||
- | - | - | - | - | 14,354 | 0 | 0 | 0 |
Open Market Sale Agreement | ||||||||
Proceeds from the issuance of common stock in at-the-market offering | ||||||||
0 | - | - | - | - | - | - | - | - |