| 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 | ||||||||
-15,681 | -5,481 | -10,460 | -20,822 | -17,981 | -21,056 | -15,424 | -29,980 | -16,403 |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||||
Ordinary shares issued in connection with license agreements | ||||||||
- | 0 | 0 | 0 | -1,966 | - | 0 | 2 | -140 |
Share-based compensation expense | ||||||||
5,682 | 5,102 | 3,505 | 4,386 | 2,934 | 2,327 | 2,922 | 8,357 | 4,275 |
Foreign currency loss (gain) | ||||||||
-756 | 82 | 115 | 283 | 2,718 | -1,398 | -677 | -2,726 | 978 |
Depreciation | ||||||||
815 | 669 | 532 | 536 | 499 | 503 | 534 | 556 | 458 |
Lease obligation | ||||||||
47 | - | - | - | - | - | - | - | - |
Loss on disposal of equipment, furniture and fixtures | ||||||||
-7 | - | - | - | - | - | - | - | - |
Gain on termination of lease liability | ||||||||
143 | - | - | - | - | - | - | - | - |
Deferred rent | ||||||||
- | - | - | - | - | -9 | -13 | -16 | -25 |
Amortization of interest on asset retirement obligations | ||||||||
33 | 12 | 2 | 2 | 2 | -49 | 3 | 3 | 3 |
Change in fair value of warrant liability | ||||||||
- | - | - | - | - | 0 | 0 | 2,184 | -669 |
(Increase) decrease in operating assets: | ||||||||
Accounts receivable - related party | ||||||||
4,705 | - | - | - | - | - | - | - | - |
Prepaid expenses | ||||||||
-827 | -2,153 | 3,081 | 1,519 | -188 | -76 | 429 | -1,138 | 821 |
Tax incentive receivable | ||||||||
-4,628 | - | - | - | - | - | - | - | - |
Other current assets | ||||||||
98 | -6,179 | 5,767 | 3,114 | -2,523 | 421 | 410 | -496 | -153 |
Security deposits | ||||||||
190 | -51 | -499 | -376 | 130 | - | - | - | - |
Increase (decrease) in operating liabilities: | ||||||||
Accounts payable | ||||||||
3,944 | -1,423 | 1,148 | -37 | 304 | 217 | 76 | -2,584 | 171 |
Accrued expenses | ||||||||
-4,479 | 8,947 | -72 | 1,769 | -4,124 | 6,026 | 1,251 | -1,902 | -2,846 |
Other current liabilities | ||||||||
- | - | -416 | 232 | -252 | - | - | - | - |
Due to Kadmon | ||||||||
- | - | - | - | - | 0 | 0 | -6 | -854 |
Deferred revenue - related party | ||||||||
-4,209 | -7,378 | -3,146 | -2,425 | 98,692 | - | - | - | - |
Net cash (used in) provided by operating activities | ||||||||
-12,383 | -21,971 | -18,405 | -21,744 | 82,165 | -11,468 | -10,993 | -19,029 | -17,395 |
Cash flows from investing activities: | ||||||||
Purchase of property and equipment | ||||||||
4,035 | 4,749 | 2,023 | 1,091 | 1,115 | 8,885 | 1,054 | 107 | 1,210 |
Net cash used in investing activities | ||||||||
-4,035 | -5,139 | -2,023 | -1,091 | -1,115 | -8,885 | -1,054 | -107 | -1,210 |
Cash flows from financing activities: | ||||||||
Payments on lease obligations - financing leases | ||||||||
10 | 6 | 4 | 6 | 6 | 7 | 8 | 7 | 7 |
Exercise of share options | ||||||||
175 | - | - | - | - | - | - | - | - |
Proceeds from the sale of ordinary shares | ||||||||
- | 0 | 75,200 | 0 | 80,000 | - | - | - | - |
Issuance costs in connection with ordinary shares | ||||||||
- | - | - | - | 2,426 | - | - | - | - |
Proceeds from the sale of convertible preferred C shares | ||||||||
- | - | - | - | - | - | - | 12,387 | 43,851 |
Payment of note payable | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 1,442 |
Net cash provided by financing activities | ||||||||
164 | 467 | 70,205 | -5 | 77,566 | -7 | -1,422 | 89,068 | 42,401 |
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||||
-16,254 | -26,642 | 49,776 | -22,841 | 158,617 | -20,361 | -13,470 | 69,931 | 23,795 |
Effect of exchange rate changes on cash | ||||||||
-315 | 545 | -719 | -160 | 577 | -118 | -29 | -227 | 12 |
Supplemental disclosure of non-cash transactions: | ||||||||
Lease obligations for right-of-use asset | ||||||||
- | - | - | - | -10,930 | - | - | - | - |
Issuance of shares in connection with payables | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 1,356 |
Fixed asset acquisition included in accounts payable and accrued expenses at end of period | ||||||||
2,505 | - | - | -165 | 236 | - | - | 1,109 | -811 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid for interest | ||||||||
0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 31 |
Ordinary shares [Member] | ||||||||
Share-based compensation expense | ||||||||
- | - | - | - | - | - | 0 | 0 | 6,456 |
Ordinary Shares [Member] | ||||||||
Issuance costs in connection with ordinary shares | ||||||||
- | - | 5,042 | 0 | 2,426 | - | - | - | - |