| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-40,128 | -17,621 | -5,795 | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation expense | ||||||
289 | 89 | - | ||||
Depreciation expense | ||||||
- | - | 43 | ||||
Loss on disposal of property and equipment | ||||||
- | -140 | - | ||||
Net amortization of premiums and discounts on investments | ||||||
436 | - | - | ||||
Stock-based compensation expense | ||||||
1,807 | 1,104 | 460 | ||||
Non-cash interest expense | ||||||
101 | - | - | ||||
Non-cash lease expense | ||||||
1,168 | - | - | ||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
777 | 150 | 1,032 | ||||
Other assets | ||||||
- | -249 | - | ||||
Other non-current assets | ||||||
- | - | -249 | ||||
Accounts payable | ||||||
-527 | 35 | 771 | ||||
Accrued expenses and other current liabilities | ||||||
-247 | 887 | 20 | ||||
Net cash used in operating activities | ||||||
-38,750 | -15,267 | -5,782 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchase of investments | ||||||
58,490 | - | - | ||||
Maturities of investments | ||||||
41,400 | - | - | ||||
Purchase of property and equipment | ||||||
1,415 | 614 | 36 | ||||
Disposal of property and equipment | ||||||
- | 35 | - | ||||
Net cash provided by (used in) investing activities | ||||||
-18,505 | -579 | -36 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from issuance of common stock from the initial public offering | ||||||
- | 74,865 | - | ||||
Proceeds from borrowings under loan and security agreement, net of issuance costs | ||||||
9,845 | - | - | ||||
Proceeds from exercise of stock options | ||||||
224 | 20 | - | ||||
Payment of deferred initial public offering costs | ||||||
- | 2,579 | - | ||||
Net cash provided by financing activities | ||||||
10,069 | 72,306 | 28,703 | ||||
Effect on foreign exchange rates on cash and cash equivalents | ||||||
9 | 17 | -38 | ||||
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ||||||
-47,177 | 56,477 | 22,847 | ||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||
Cash paid for interest | ||||||
445 | - | 14 | ||||
Cash paid for income taxes | ||||||
6 | 164 | 4 | ||||
Right-of-use assets obtained in exchange for operating lease obligation | ||||||
1,461 | - | - | ||||
Property and equipment purchases in accounts payable and accrued expenses | ||||||
- | 20 | - | ||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES: | ||||||
Deferred initial offering costs in accounts payable and accrued expenses | ||||||
- | 32 | - | ||||
Conversion of preferred stock to common stock from the initial public offering | ||||||
- | 33,062 | - | ||||
Warrants issued in connection with loan and security agreement | ||||||
136 | - | - | ||||
Series B Convertible Preferred Stock [Member] | ||||||
Proceeds from issuance of preferred stock | ||||||
- | - | 29,181 | ||||
Payment of issuance costs | ||||||
- | - | 478 | ||||