| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net loss | ||||||
-63,188 | -19,087 | |||||
Adjustments to reconcile net loss to net cash used in operating activities | ||||||
Depreciation | ||||||
265 | 55 | |||||
Stock-based compensation | ||||||
4,311 | 1,610 | |||||
Amortization of convertible note discount, issuance costs and other non-cash interest | ||||||
- | 471 | |||||
Change in fair value of derivative liabilities | ||||||
- | 781 | |||||
Other | ||||||
- | -12 | |||||
Changes in operating assets and liabilities | ||||||
Prepaid expenses and other current assets | ||||||
5,847 | 459 | |||||
Operating lease right-of-use asset | ||||||
1,637 | 485 | |||||
Accounts payable | ||||||
3,921 | 976 | |||||
Accrued expenses and other current liabilities | ||||||
3,853 | 1,328 | |||||
Operating lease liabilities | ||||||
-706 | -183 | |||||
Net cash used in operating activities | ||||||
-55,754 | -14,011 | |||||
Cash flows from investing activities | ||||||
Purchases of property and equipment | ||||||
2,136 | 627 | |||||
Net cash used in investing activities | ||||||
-2,136 | -627 | |||||
Cash flows from financing activities | ||||||
Proceeds from issuance of common stock | ||||||
116,251 | - | |||||
Payment of issuance costs for preferred stock | ||||||
166 | 93 | |||||
Payment of issuance costs for common stock | ||||||
3,210 | - | |||||
Proceeds from exercise of stock options | ||||||
52 | - | |||||
Net cash provided by financing activities | ||||||
162,927 | 64,907 | |||||
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
105,037 | 50,269 | |||||
Supplemental disclosure of non-cash investing and financing activities | ||||||
Conversion of convertible note plus accrued interest into 1,330,369 shares of Series A Preferred Stock | ||||||
- | 11,279 | |||||
Right-of-use asset obtained in exchange for operating lease obligation | ||||||
3,104 | 7,740 | |||||
Conversion of preferred stock to common stock upon the initial public offering | ||||||
129,543 | - | |||||
Series A Preferred Stock | ||||||
Proceeds from issuance of Preferred Stock | ||||||
- | 65,000 | |||||
Series B Preferred Stock | ||||||
Proceeds from issuance of Series B Preferred Stock | ||||||
50,000 | - | |||||