| 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 | ||||||||
-98,650 | -103,130 | -103,746 | -97,381 | -85,490 | -77,056 | 0 | 0 | 0 |
Adjustments to reconcile net loss to cash used in operating activities: | ||||||||
Depreciation | ||||||||
156 | 152 | 150 | 146 | 140 | 136 | 0 | 0 | 0 |
Share-based compensation expense | ||||||||
2,230 | 2,173 | 2,086 | 1,999 | 1,681 | 1,290 | 0 | 0 | 0 |
Gain on short-term investments | ||||||||
- | 125 | 0 | 0 | 0 | - | - | - | - |
Non-cash gain on short-term investments | ||||||||
- | - | - | - | 264 | 278 | 0 | 0 | 0 |
Interest on short-term investments | ||||||||
- | 5 | 0 | 0 | 0 | - | - | - | - |
Amortization of debt discount and deferred financing costs | ||||||||
1,878 | 362 | 0 | 0 | 0 | - | - | - | - |
Private placement transaction costs included in financing activities | ||||||||
0 | - | - | - | - | - | - | - | - |
Adjustments to fair value of derivatives | ||||||||
0 | - | - | - | - | - | - | - | - |
Other | ||||||||
-911 | -752 | 0 | 0 | 0 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Prepaid expenses and other current assets | ||||||||
-2,059 | -2,471 | 2,020 | 1,539 | 1,818 | 3,613 | 0 | 0 | 0 |
Other assets | ||||||||
- | - | - | - | - | 2,273 | 0 | 0 | 0 |
Accounts payable | ||||||||
126 | 11,446 | 11,785 | 1,953 | 2,562 | 849 | 0 | 0 | 0 |
Accrued expenses | ||||||||
-2,025 | 5,851 | 9,753 | 9,901 | 4,042 | 3,072 | 0 | 0 | 0 |
Income taxes | ||||||||
110 | 123 | 131 | 107 | 172 | 120 | 0 | 0 | 0 |
Other liabilities | ||||||||
0 | - | - | - | 54 | 242 | 0 | 0 | 0 |
Net cash used in operating activities | ||||||||
-91,223 | -78,885 | -82,694 | -84,780 | -79,303 | -75,890 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||
Purchases of property and equipment | ||||||||
- | 24 | 43 | 59 | 79 | 90 | 0 | 0 | 0 |
Purchases of short-term investments | ||||||||
- | - | - | - | - | 96,493 | 0 | 0 | 0 |
Proceeds from sale of short-term investments | ||||||||
- | 40,125 | 76,650 | 93,875 | 107,275 | 87,925 | 0 | 0 | 0 |
Net cash provided by investing activities | ||||||||
- | 40,101 | 68,849 | 51,050 | 17,075 | -8,658 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||
Repayments of long-term debt | ||||||||
0 | - | - | - | - | - | - | - | - |
Proceeds from private placement, net of transactions costs | ||||||||
0 | - | - | - | - | - | - | - | - |
Proceeds from exercise of share options | ||||||||
- | 60 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||||
44,848 | -974 | 3,104 | 67 | 88,715 | 120,842 | 0 | 0 | 0 |
Effect of exchange rates on cash and cash equivalents | ||||||||
-12 | -22 | 0 | 0 | 0 | - | - | - | - |
Net increase in cash, cash equivalents and restricted cash | ||||||||
-41,376 | -39,780 | -10,745 | -33,690 | 26,345 | 36,186 | 0 | 0 | 0 |
Supplemental Disclosure of Cash Flow Information: | ||||||||
Interest paid | ||||||||
1,343 | 1,399 | 0 | 0 | 0 | - | - | - | - |
Exchangeable Notes | ||||||||
Amortization of debt discount and deferred financing costs | ||||||||
0 | - | - | - | - | - | - | - | - |
Interest on exchangeable notes - non-cash | ||||||||
0 | - | - | - | - | - | - | - | - |
Series B Convertible Preferred Shares | ||||||||
Proceeds from issuance of convertible preferred shares | ||||||||
- | - | - | - | - | 32,175 | 0 | 0 | 0 |