| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net loss | ||||||
-86,300 | -61,700 | |||||
Reconciliation of net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
1,300 | 800 | |||||
Loss on extinguishment of debt | ||||||
-580 | 0 | |||||
Equity-based compensation | ||||||
10,068 | 6,964 | |||||
Amortization of debt discount | ||||||
37 | 0 | |||||
Non-cash interest expense | ||||||
0 | 62 | |||||
Loss on disposal of fixed asset | ||||||
0 | -1 | |||||
Change in fair value of warrant liability | ||||||
-342 | 918 | |||||
Change in fair value of derivative | ||||||
90 | 195 | |||||
Changes in: | ||||||
Due to/from related party | ||||||
0 | 102 | |||||
Prepaid expenses and other assets | ||||||
1,881 | -40 | |||||
Accounts payable | ||||||
-684 | 1,837 | |||||
Accrued expense and other liabilities | ||||||
1,349 | 4,721 | |||||
Net cash used in operating activities | ||||||
-75,800 | -46,300 | |||||
Investing activities: | ||||||
Purchase of property and equipment | ||||||
3,586 | 3,002 | |||||
Net cash and restricted cash used in investing activities | ||||||
-3,586 | -3,002 | |||||
Financing activities: | ||||||
Proceeds from issuance of debt | ||||||
37,500 | 0 | |||||
Repayments on debt | ||||||
30,000 | 0 | |||||
Payments for deferred issuance costs related to IPO | ||||||
0 | 1,815 | |||||
Payments of issuance and extinguishment costs related to debt | ||||||
858 | 25 | |||||
Proceeds from preferred stock financing, net of issuance costs | ||||||
0 | 100,732 | |||||
Proceeds from exercise of stock options | ||||||
630 | 120 | |||||
Payments related to capital lease | ||||||
91 | 105 | |||||
Issuance of common stock, net of issuance costs | ||||||
67,761 | 0 | |||||
Settlement of derivative liability | ||||||
300 | 0 | |||||
Net cash provided by financing activities | ||||||
74,642 | 98,907 | |||||
Net (decrease) increase in cash, cash equivalents, and restricted cash | ||||||
-4,740 | 49,589 | |||||
Supplemental cash flow information | ||||||
Interest paid | ||||||
881 | 943 | |||||
Supplemental disclosure of non-cash investing and financing activities | ||||||
Vesting of restricted shares | ||||||
717 | 2,095 | |||||
Reclassification of warrants to additional paid-in capital | ||||||
871 | 0 | |||||
Derivative liability related to debt | ||||||
0 | 15 | |||||
Deferred issuance costs in accounts payable and accrued expenses | ||||||
0 | 394 | |||||
Conversion of preferred stock to common stock upon closing of the initial public offering | ||||||
153,226 | 0 | |||||
Purchase of property and equipment in accounts payable and accrued expenses | ||||||
385 | 604 | |||||