| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-111,825 | -88,960 | -32,744 | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Equity-based compensation expense | ||||||
11,444 | 6,721 | 3,184 | ||||
Depreciation and amortization | ||||||
381 | 350 | 20 | ||||
Non-cash contributions for expenses | ||||||
- | 64 | 1,812 | ||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other assets | ||||||
2,936 | -3,751 | 4,956 | ||||
Accounts payable | ||||||
4,782 | 6,392 | 3,642 | ||||
Accrued expenses | ||||||
1,516 | 4,155 | 3,184 | ||||
Deferred rent | ||||||
- | 433 | - | ||||
Net cash used in operating activities | ||||||
-96,638 | -67,094 | -25,858 | ||||
Purchases of property and equipment | ||||||
166 | 1,907 | 83 | ||||
Net cash used in investing activities | ||||||
-166 | -1,907 | -83 | ||||
Proceeds from issuance of common stock, net of issuance costs | ||||||
135,096 | 9,848 | 221,447 | ||||
Proceeds from issuance of common stock under employee stock plans | ||||||
3,581 | 349 | - | ||||
Net cash provided by financing activities | ||||||
138,677 | 10,197 | 221,447 | ||||
Net decrease in cash and restricted cash | ||||||
41,873 | -58,804 | 195,506 | ||||
Supplemental disclosure of cash flow information: | ||||||
Issuance costs included in accounts payable and accrued expenses | ||||||
- | - | 571 | ||||
Property and equipment purchases included in accounts payable and accrued expenses | ||||||
24 | 83 | 88 | ||||
Initial recognition of right-of-use lease assets | ||||||
2,215 | - | - | ||||