| 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 | ||||||||
-16,100 | -23,641 | -31,271 | -27,638 | -20,580 | -24,257 | -24,906 | -15,747 | -12,146 |
Adjustments to reconcile net loss to cash used in operating activities: | ||||||||
Depreciation | ||||||||
39 | 39 | 39 | 39 | 35 | 37 | 35 | 33 | 31 |
Share-based compensation expense | ||||||||
597 | 499 | 561 | 573 | 540 | 412 | 474 | 255 | 149 |
Gain on short-term investments | ||||||||
- | 0 | 25 | 12 | 88 | - | - | - | - |
Non-cash gain on short-term investments | ||||||||
- | - | - | - | 9 | -37 | 253 | 39 | 23 |
Interest on short-term investments | ||||||||
- | -39 | -30 | 63 | 11 | - | - | - | - |
Amortization of debt discount and deferred financing costs | ||||||||
1,614 | 119 | 73 | 72 | 98 | - | - | - | - |
Private placement transaction costs included in financing activities | ||||||||
2,130 | - | - | - | - | - | - | - | - |
Adjustments to fair value of derivatives | ||||||||
1,679 | - | - | - | - | - | - | - | - |
Other | ||||||||
-378 | -727 | 33 | 161 | -219 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Prepaid expenses and other current assets | ||||||||
-590 | -713 | -1,247 | 491 | -1,002 | 3,778 | -1,728 | 770 | 793 |
Other assets | ||||||||
- | - | - | - | - | 867 | 341 | 1,013 | 52 |
Accounts payable | ||||||||
-9,185 | 959 | 4,369 | 3,983 | 2,135 | 1,298 | -5,463 | 4,592 | 422 |
Accrued expenses | ||||||||
-6,214 | -2,179 | 1,107 | 5,261 | 1,662 | 1,723 | 1,255 | -598 | 692 |
Income taxes | ||||||||
121 | 130 | -54 | -87 | 134 | 138 | -78 | -22 | 82 |
Other liabilities | ||||||||
-334 | - | - | - | -190 | 127 | 50 | 67 | -2 |
Net cash used in operating activities | ||||||||
-27,391 | -20,016 | -25,409 | -18,407 | -15,053 | -23,825 | -27,495 | -12,930 | -11,640 |
Cash flows from investing activities: | ||||||||
Purchases of property and equipment | ||||||||
- | 2 | 0 | 12 | 10 | 21 | 16 | 32 | 21 |
Purchases of short-term investments | ||||||||
- | - | - | - | - | 7,758 | 35,008 | 47,355 | 6,372 |
Proceeds from sale of short-term investments | ||||||||
- | 0 | 25 | 5,000 | 35,100 | 36,525 | 17,250 | 18,400 | 15,750 |
Net cash provided by investing activities | ||||||||
- | -2 | 25 | 4,988 | 35,090 | 28,746 | -17,774 | -28,987 | 9,357 |
Cash flows from financing activities: | ||||||||
Repayments of long-term debt | ||||||||
1,552 | - | - | - | - | - | - | - | - |
Proceeds from private placement, net of transactions costs | ||||||||
47,423 | - | - | - | - | - | - | - | - |
Proceeds from exercise of share options | ||||||||
- | 0 | 0 | 11 | 49 | - | - | - | - |
Net cash provided by financing activities | ||||||||
45,871 | -4,071 | 3,037 | 11 | 49 | 7 | 0 | 88,659 | 32,176 |
Effect of exchange rates on cash and cash equivalents | ||||||||
-24 | 7 | -11 | 16 | -34 | - | - | - | - |
Net increase in cash, cash equivalents and restricted cash | ||||||||
18,456 | -24,082 | -22,358 | -13,392 | 20,052 | 4,953 | -45,303 | 46,643 | 29,893 |
Supplemental Disclosure of Cash Flow Information: | ||||||||
Interest paid | ||||||||
294 | 332 | 357 | 360 | 350 | - | - | - | - |
Exchangeable Notes | ||||||||
Amortization of debt discount and deferred financing costs | ||||||||
1,589 | - | - | - | - | - | - | - | - |
Interest on exchangeable notes - non-cash | ||||||||
652 | - | - | - | - | - | - | - | - |
Series B Convertible Preferred Shares | ||||||||
Proceeds from issuance of convertible preferred shares | ||||||||
- | - | - | - | - | 2 | 0 | -3 | 32,176 |