| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net loss | ||||||||||||
-23,258 | -24,986 | -17,717 | -13,150 | -5,072 | -10,599 | -10,463 | -9,956 | -10,644 | -13,868 | -9,844 | -9,763 | -6,411 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
189 | -111 | 489 | 188 | 184 | 139 | 81 | 94 | 95 | 99 | 94 | 83 | 87 |
Non-cash lease cost | ||||||||||||
110 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in fair value of derivative liabilities | ||||||||||||
- | - | - | - | - | - | - | - | - | 3,088 | 2 | -350 | -1,199 |
Share-based compensation | ||||||||||||
1,110 | 929 | 981 | 933 | 933 | 769 | 705 | 661 | 614 | 373 | 931 | 61 | 62 |
Realized (gain) loss on investments | ||||||||||||
- | 0 | 0 | 0 | 1 | - | - | - | - | - | - | - | - |
Unrealized foreign currency transaction (gain) loss | ||||||||||||
-453 | 182 | -193 | -66 | 95 | -136 | 19 | -248 | -8 | - | - | - | - |
Accretion of discount on marketable securities | ||||||||||||
53 | 87 | 102 | 206 | 355 | 325 | 234 | 67 | 45 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||
Other receivables | ||||||||||||
-5,036 | 2,747 | 2,940 | 1,617 | 80 | 44 | -462 | -425 | 208 | 474 | 309 | 114 | -190 |
Prepaid expenses and other current assets | ||||||||||||
860 | 1,148 | -2,612 | -1,638 | 448 | 6,203 | -109 | 7 | -604 | 779 | 101 | -174 | -131 |
Tax incentive receivables | ||||||||||||
233 | -618 | 84 | 173 | 62 | 210 | -1,408 | 383 | 45 | 1,005 | 186 | 461 | 159 |
Other assets | ||||||||||||
1,224 | 2,480 | -313 | 1,178 | -433 | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||
4,824 | 1,605 | 1,485 | 482 | -3,008 | 2,172 | 659 | -278 | -2,469 | 2,461 | -230 | 200 | -82 |
Accrued expenses and other current liabilities | ||||||||||||
-9,379 | 10,861 | 5,147 | 966 | -3,364 | 1,203 | 1,562 | 645 | 165 | 304 | -748 | 1,325 | 434 |
Deferred rent | ||||||||||||
- | - | - | - | - | 645 | -32 | -23 | -36 | -33 | -33 | 435 | -497 |
Other long-term liabilities | ||||||||||||
-44 | -8 | -36 | -19 | 11 | - | - | - | - | - | - | - | - |
Advance payments from collaborator | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 465 |
Net cash used in operating activities | ||||||||||||
-23,329 | -17,367 | -9,659 | -12,070 | -10,924 | -13,509 | -5,514 | -8,641 | -11,961 | - | - | - | - |
Cash flows from investing activities: | ||||||||||||
Net cash used in operating activities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -6,979 |
Purchases of marketable securities | ||||||||||||
3,995 | 12,470 | 43,670 | 7,018 | 25,835 | 25,754 | 81,596 | 0 | 22,825 | - | - | - | - |
Proceeds from maturities of marketable securities | ||||||||||||
31,850 | 8,500 | 27,800 | 31,950 | 50,587 | - | - | - | - | - | - | - | - |
Purchases of property and equipment | ||||||||||||
79 | 129 | 17 | 87 | 81 | - | - | - | - | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||||||||
27,776 | -4,099 | -15,887 | 24,845 | 24,671 | 7,287 | -72,618 | 5,000 | -22,825 | - | - | - | - |
Cash flows from financing activities: | ||||||||||||
Proceeds from equity offering | ||||||||||||
- | 5,501 | 38 | 8,726 | 1,525 | - | - | - | - | - | - | - | - |
Payment of offering costs | ||||||||||||
352 | - | 79 | 63 | 16 | - | - | - | - | - | - | - | - |
Proceeds from stock option exercises | ||||||||||||
539 | 98 | 51 | 300 | 59 | - | - | - | - | - | - | - | - |
Net cash provided by financing activities | ||||||||||||
30,186 | 5,599 | 10 | 8,963 | 1,568 | - | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||||||
34,633 | -15,867 | -25,536 | 21,738 | 15,315 | -6,400 | -8,235 | -3,837 | -34,786 | - | - | - | - |
Net cash provided by financing activities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 43,001 |
Net increase in cash and cash equivalents | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 36,022 |
Supplemental disclosure of non-cash investing and financing activities: | ||||||||||||
Purchases of property and equipment included in accounts payable and accrued expenses | ||||||||||||
- | - | - | - | 75 | - | - | - | - | - | - | - | - |
Offering costs in accounts payable and accruals | ||||||||||||
109 | - | - | - | - | - | - | - | - | - | - | - | - |
Conversion of bridge units into preferred units | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 8,500 |
Settlement of derivative liabilities upon issuance of preferred units | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 944 |
Cumulative dividends on redeemable convertible preferred shares | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,236 |
Accretion of redeemable convertible preferred units to redemption value | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 18 |
Accretion of bridge units to redemption value | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 576 |
Rights Offering [Member] | ||||||||||||
Proceeds from equity offering | ||||||||||||
9,416 | - | - | - | - | - | - | - | - | - | - | - | - |
Series C Preferred Stock [Member] | ||||||||||||
Proceeds from issuance of Series C Preferred Shares | ||||||||||||
20,583 | - | - | - | - | - | - | - | - | - | - | - | - |
Payment of offering costs | ||||||||||||
41 | - | - | - | - | - | - | - | - | - | - | - | - |
Series C issuance costs in accounts payable | ||||||||||||
41 | - | - | - | - | - | - | - | - | - | - | - | - |