| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net loss | ||||||
-20,242 | -18,219 | -26,414 | - | - | - | |
Net loss | ||||||
- | - | - | -16,208 | -32,024 | -22,793 | |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation expense | ||||||
60 | 49 | 1,534 | 1,673 | 1,614 | 726 | |
Non-cash interest expense | ||||||
1,733 | 3,750 | - | - | - | - | |
Non-cash lease expense | ||||||
250 | 0 | - | - | - | - | |
Amortization of discount of investments | ||||||
- | - | -54 | - | - | - | |
Deferred rent and lease incentive | ||||||
- | - | 543 | 533 | 322 | 541 | |
Impairment of intangible asset | ||||||
- | - | - | 200 | 310 | 60 | |
Stock-based compensation | ||||||
- | - | 1,573 | 1,548 | 1,228 | 547 | |
Warrant expense | ||||||
- | - | - | 3,100 | 11 | - | |
Change in fair value of warrant liability | ||||||
- | - | 1,482 | -17,507 | - | - | |
Non-cash up front fee for note payable to Intrexon, including interest | ||||||
- | - | - | - | - | 10,100 | |
Change in fair value of derivative liability | ||||||
-3,187 | 1,664 | - | - | - | 10,007 | |
Stock-based compensation expense | ||||||
884 | 1,074 | - | - | - | - | |
Conversion of convertible notes | ||||||
-341 | 0 | - | - | - | - | |
Other non-cash | ||||||
4 | 0 | - | - | - | - | |
Amortization of deferred financing costs | ||||||
- | - | - | - | - | 38 | |
Changes in assets and liabilities: | ||||||
Prepaid expenses and other assets | ||||||
1,007 | 201 | 21 | -148 | -475 | 226 | |
Accounts payable and accrued expenses | ||||||
-1,628 | 3,633 | - | - | - | - | |
Deferred rent | ||||||
0 | 1 | - | - | - | - | |
Other assets | ||||||
227 | 54 | - | - | - | - | |
Lease obligations | ||||||
-249 | 0 | - | - | - | - | |
Other long term assets | ||||||
- | - | - | - | - | -402 | |
Accounts payable | ||||||
- | - | -849 | -435 | -2,844 | 2,026 | |
Accounts payable due to Intrexon Corporation | ||||||
- | - | -360 | 131 | 211 | - | |
Accrued expenses due to Intrexon Corporation | ||||||
- | - | - | 1,494 | 1,539 | - | |
Accrued expenses | ||||||
- | - | 524 | 653 | -232 | 648 | |
Net cash used in operating activities | ||||||
-16,893 | -11,630 | -23,020 | - | - | - | |
Cash flows from investing activities | ||||||
Net cash provided by (used in) operating activities | ||||||
- | - | - | -25,736 | -30,034 | -17,938 | |
Purchase of property and equipment | ||||||
29 | 77 | 276 | 320 | 1,949 | 3,321 | |
Payment of asset acquisition costs | ||||||
2,327 | 0 | - | - | - | - | |
Proceeds from maturities of marketable securities | ||||||
- | - | 7,050 | - | - | - | |
Purchases of marketable securities | ||||||
- | - | 8,004 | - | - | - | |
Net cash used in investing activities | ||||||
-2,356 | -77 | -1,230 | - | - | - | |
Cash flows from financing activities | ||||||
Proceeds from exercise of stock options and warrants | ||||||
- | - | 6 | - | - | - | |
Proceeds from sale of common stock for pre-merger financing | ||||||
22,546 | 0 | - | - | - | - | |
Proceeds from issuance of common stock, preferred stock, and warrants in connection with private placement, net of issuance costs | ||||||
- | - | - | 27,630 | - | - | |
Proceeds from IPO, net of underwriters' fee of $4,550 | ||||||
- | - | - | - | - | 60,450 | |
Proceeds from stock subscription | ||||||
1,000 | 0 | - | - | 4,738 | - | |
Purchases of treasury stock | ||||||
47 | 0 | - | - | - | - | |
Issuance of common stock for warrant exercises | ||||||
183 | 0 | - | - | - | - | |
Net cash used in investing activities | ||||||
- | - | - | -320 | -1,949 | -3,321 | |
Proceeds from bridge financing | ||||||
- | - | - | - | - | 1,000 | |
Borrowings under equipment term loan | ||||||
- | - | - | - | - | 1,750 | |
Repayments of Debt | ||||||
5,290 | 0 | 583 | 583 | 406 | - | |
Proceeds from issuance of debt | ||||||
6,800 | 7,300 | - | - | - | - | |
Payment of debt issuance costs | ||||||
99 | 103 | - | - | - | - | |
Financing lease principal payments | ||||||
25 | 11 | - | - | - | - | |
Issuance of Series A-1 preferred stock, net of issuance costs of $73 | ||||||
- | - | - | - | - | 10,314 | |
Costs associated with Initial Public Offering | ||||||
- | - | - | - | - | 2,488 | |
Proceeds from exercise of stock options | ||||||
- | - | - | 2 | 39 | 26 | |
Net cash provided by financing activities | ||||||
25,066 | 7,184 | -577 | - | - | - | |
Effect of changes in exchange rate on cash | ||||||
0 | 0 | - | - | - | - | |
Net cash provided by (used in) financing activities | ||||||
- | - | - | 27,049 | 4,371 | 71,052 | |
Net decrease in cash, cash equivalents and restricted cash | ||||||
5,816 | -4,522 | -24,827 | - | - | - | |
Net increase (decrease) in cash and cash equivalents | ||||||
- | - | - | 993 | -27,612 | 49,793 | |
Supplemental disclosure of non-cash transactions: | ||||||
Purchase of fixed assets by entering into capital lease (Note 9) | ||||||
0 | 63 | - | - | - | - | |
Conversion of convertible notes (Note 7) | ||||||
13,979 | 0 | - | - | - | - | |
Fair market value of private placement warrants at issuance | ||||||
- | - | - | 30,704 | - | - | |
Cash paid for taxes | ||||||
- | - | 197 | 257 | 79 | 2 | |
Cash paid for interest | ||||||
- | - | 30 | 66 | 94 | 18 | |
Equity issuance costs (Note 3) | ||||||
1,150 | 0 | - | - | - | - | |
Right-of-use asset related to operating leases (Note 8) | ||||||
470 | 0 | - | - | - | - | |
Reverse asset acquisition costs (Note 3) | ||||||
2,252 | 0 | - | - | - | - | |
Warrant issued in connection with an equipment term loan (Note 10) | ||||||
- | - | - | - | - | 51 | |
Issuance of a note payable to Intrexon as consideration for license rights | ||||||
- | - | - | - | - | 10,000 | |
Extinguishment of Net Sales Distribution Payment Liability redemption feature | ||||||
- | - | - | - | - | 15,803 | |
Adjustment to fair value of Series A-1 Preferred Stock related to the third closing (Note 11) | ||||||
- | - | - | - | - | 3,520 | |