| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
-33,737 | -22,799 | |||||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
2,700 | 1,700 | |||||
Stock-based compensation | ||||||
1,886 | 263 | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other assets | ||||||
4,255 | 19 | |||||
Accounts payable | ||||||
-622 | 1,342 | |||||
Accrued liabilities | ||||||
2,460 | 847 | |||||
Deferred rent | ||||||
304 | -44 | |||||
Deferred revenue | ||||||
-4,347 | 26,725 | |||||
Net cash used in operating activities | ||||||
-35,623 | 7,992 | |||||
Cash flows from investing activities: | ||||||
Purchase of marketable securities | ||||||
300,552 | - | |||||
Purchase of property and equipment | ||||||
3,371 | 3,063 | |||||
Net cash provided by (used in) investing activities | ||||||
-303,923 | -3,063 | |||||
Cash flows from financing activities: | ||||||
Proceeds from public offering, net of issuance costs | ||||||
238,384 | - | |||||
Proceeds from issuance of preferred stock, net of issuance costs | ||||||
- | 122,223 | |||||
Proceeds from issuances of common stock | ||||||
119 | 4 | |||||
Proceeds from the term loan | ||||||
4,540 | - | |||||
Deferred financing costs | ||||||
- | 410 | |||||
Payments of the term loan | ||||||
- | 400 | |||||
Net cash used in (provided by) financing activities | ||||||
243,043 | 121,417 | |||||
Net decrease in cash, cash equivalents and restricted cash | ||||||
-96,503 | 126,346 | |||||
Supplemental disclosures of cash flow information: | ||||||
Cash paid for interest | ||||||
191 | 25 | |||||
Supplemental disclosures of noncash investing and financing activities: | ||||||
Purchase of property and equipment included in accrued liabilities | ||||||
73 | - | |||||
Deferred financing costs included in accrued liabilities | ||||||
1 | 284 | |||||
Conversion of convertible preferred stock into common stock | ||||||
162,223 | - | |||||