| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net loss | ||||||
-40,610 | -43,957 | 0 | 0 | 0 | ||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Stock-based compensation expense | ||||||
11,098 | 12,568 | 0 | 0 | 0 | ||
Non-cash interest income | ||||||
1,705 | 1,260 | 0 | 0 | 0 | ||
Non-cash interest income, net (Note 4) | ||||||
- | 11 | 0 | 0 | 0 | ||
Accretion of debt discount (Note 4) | ||||||
- | 945 | 0 | 0 | 0 | ||
Change in fair value of derivative liability (Note 4) | ||||||
- | -135 | 0 | 0 | 0 | ||
Depreciation and amortization expense | ||||||
69 | 58 | 0 | 0 | 0 | ||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
2,946 | 1,600 | 0 | 0 | 0 | ||
Right-of-use assets | ||||||
0 | - | - | - | - | ||
Accounts payable | ||||||
-283 | 278 | 0 | 0 | 0 | ||
Accrued expenses | ||||||
690 | 1,815 | 0 | 0 | 0 | ||
Deferred lease obligation | ||||||
- | 106 | 0 | 0 | 0 | ||
Operating lease liability | ||||||
0 | - | - | - | - | ||
Net cash used in operating activities | ||||||
-33,150 | -30,923 | 0 | 0 | 0 | ||
Cash flows from investing activities | ||||||
Purchases of short-term investments | ||||||
0 | - | - | - | - | ||
Maturities of short-term investments | ||||||
105,000 | 50,000 | 0 | 0 | 0 | ||
Acquisition of property and equipment | ||||||
174 | 115 | 0 | 0 | 0 | ||
Net cash (used in) provided by investing activities | ||||||
-189,744 | -174,335 | 0 | 0 | 0 | ||
Cash flows from financing activities | ||||||
Proceeds from issuance of convertible notes | ||||||
- | 3,128 | 0 | 0 | 0 | ||
Proceeds from exercise of stock options | ||||||
0 | - | - | - | - | ||
Proceeds from exercise of warrant | ||||||
- | 58 | 0 | 0 | 0 | ||
Payment of deferred offering costs | ||||||
- | 2,409 | 0 | 0 | 0 | ||
Net cash provided by financing activities | ||||||
329,298 | 405,283 | 0 | 0 | 0 | ||
Net increase in cash, cash equivalents and restricted cash | ||||||
106,404 | 200,025 | 0 | 0 | 0 | ||
Supplemental disclosures of cash flows information | ||||||
Lease liabilities arising from obtaining right-of-use assets | ||||||
0 | - | - | - | - | ||
Purchases of property and equipment included in accounts payable and accrued expenses | ||||||
0 | - | - | - | - | ||
Deferred offering costs included in accrued expenses | ||||||
0 | - | - | 0 | 0 | ||
Conversion of convertible notes, accrued interest and discount upon conversion to preferred stock | ||||||
- | 7,102 | 0 | 0 | 0 | ||
Series B Redeemable Convertible Preferred Stock | ||||||
Proceeds from issuance of Series B redeemable convertible preferred stock, net of issuance costs | ||||||
- | 74,825 | 0 | 0 | 0 | ||